COURSE OBJECTIVES: The course is designed to provide a detailed explanation of the principles of partial exemption as it applies to housing associations and bring clarity to the complicated rules.
At the end of the course participants will have a clear understanding of how partial exemption works and how the recovery of VAT can be maximised through its application. Their awareness of VAT-saving possibilities will be heightened especially through the explanation of apportionment methods and how to identify the most suitable one.
COURSE CONTENT
Specifically, the course will cover:
- An introduction to the basic principles of partial exemption applicable to housing associations
- Direct attribution: how to decide when VAT is fully recoverable and when it is fully irrecoverable
- The standard method of apportionment – how it works, its advantages and pitfalls
- Special methods of apportionment – a comparison of different types of special method and how they work
- Other common pitfalls and problem areas
- The capital goods scheme.
WHO SHOULD ATTEND
- Housing association finance staff at all levels, whether or not they have responsibility for completing VAT returns
- Development staff who often have to make key decisions with significant VAT implications before finance staff are involved
- Those who work with or advise housing associations
Would you like this course run in-house? Call us on 0207 566 8207 to find out more