Anybody working in an accounting environment, from preparing accounts to raising sales invoices to processing purchases, is expected to understand the basic principles of VAT. The VAT inspector has far reaching powers with which to address errors, and appeal tribunals consistently confirm that 'ignorance is no defence'.
This course will teach you how to determine the correct VAT rate for a supply, when input VAT can be recovered, how to deal with errors and what to do if you are not sure. No prior knowledge of VAT is necessary.