Partial Exemption


Partial exemption can make grown adults weep. It is necessary to understand a number of factors in order to 'de-mystify' the process.  The inherent complexity however will not prevent the VAT officer from raising a bill for back VAT if you get it wrong!

This 3 hour course will enable you to gain a sound understanding of partial exemption, from determining a suitable method to attributing costs to calculating the annual adjustment.

Course Outline

  • Overview of partial exemption
  • Attribution is key- how to determine which costs are directly attributable
  • Would a special method be more appropriate?
  • How to carry out the annual calculation
  • Overview of the Capital Goods Scheme (CGS)
61 Moseley Street
Manchester M2 3HZ
T: 0161 505 0236