PMVAT Ltd

International House

Mosley Street

Manchester M2 3HZ

Telephone:  0161 505 0236

Reg in England no. 6443041

VAT for Accountants and Bookkeepers in Practice

This course will guide you on the common issues raised by clients.  Included with the course is a month's subscription to VATline, enabling course attendees to pass on client enquiries (or just to check your answer for your own peace of mind!) for a same day response. 

Course Content;

Overview

The UK system of VAT

The VAT return

VAT registration

The liability to register, and voluntary registration

Re-aggregation of income (clients with more than one business activity)

The VAT group and divisional registration

Deregistration

    Post-deregistration output and input tax

The VAT treatment of income

How to determine the correct VAT treatment

Composite supplies

Passed on costs, recharges and disbursements

Supplies to, from or via agents and intermediaries

Supplies to customers in other EU states (pre- and post- Brexit)

Supplies to customers outside the EU

International services

The Flat Rate Scheme

    Entering and leaving the scheme

    Traders with activities in more than one category

    The low cost trader

The second hand goods scheme

The Tour Operator's Margin Scheme (TOMS)

Expenditure and input VAT recovery

Proper documentation

Direction of supply

Business/non business use

  How this affects charities and education establishments

'Blocked' input tax

Employee derived costs

    Motoring, employee expenses and entertaining

Partial exemption

    Basic principles

    The partial exemption calculation

    The annual calculation

    The Capital Goods Scheme

Purchases (in the UK) from other EU member states

    Acquisitions VAT and the reverse charge

VAT incurred in other EU member states

Import VAT, duty deferment and form C79

Services received from overseas

Accounting and administration 

Making Tax Digital (MTD)

Cash accounting and annual accounting

Error correction and the penalty regime

Recap and close