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Introducing practical VAT - Dungannon

Overview

Cost: £108.00

This introductory session is ideal for finance professionals wishing to improve their understanding of UK VAT and learn how to make practical improvements to VAT processes. It is a small group session (max 15 participants) designed to facilitate discussions on common VAT issues.

Topics covered on Introducing Practical VAT include:

  • Applying the correct rates of UK VAT
  • Zero-rated versus exempt supplies
  • Charging VAT on sales & invoicing requirements
  • Reclaiming VAT on purchases & documentation requirements
  • Restrictions on reclaiming input VAT
  • Buying and selling goods and services outside the UK
  • VAT set-up in accounting systems
  • Processes & procedures for completing a UK VAT return
  • The impact of Making Tax Digital (MTD) for VAT
  • Correcting an error on a VAT return
  • HMRC's approach to penalties

Who can benefit from this session?

  • Financial controllers
  • Finance managers
  • Group/company accountants
  • Finance assistants
  • Finance business partners
  • Statutory reporting accountants
  • Accounts Receivable / Payable specialists
  • Risk & controls specialists
  • Tax analysts

Five key outcomes from this session:

  1. Improved knowledge of VAT principles to increase accuracy and avoid costly mistakes.
  2. Appreciation of VAT implications of cross-border transactions.
  3. Ability to assess the strengths & weaknesses of existing VAT processes and controls.
  4. Know the steps to prepare for digital links for the next phase of Making Tax Digital.
  5. Understand how to correct errors on VAT returns and HMRC's approach to penalties. 

For additional information, please contact info@extrataxtraining.com.

Dates and venues

9 December 2019, 09:30 - 12:30
The Junction, Dungannon, BT70 1BS

Cost: £108.00

View venue

Terms

No terms.

Event organiser

Extratax Training Ltd
Innovation Factory
385 Springfield Road
Belfast
BT12 7DG
United Kingdom: Northern Ireland


028 9095 2963
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