COURSE OBJECTIVES: The course is designed to provide a detailed explanation of the principles of partial exemption; give participants a clear understanding of how it applies to their business, and provide the tools for identifying the optimum apportionment method.
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
- Awareness of VAT-saving possibilities will be heightened
- Junior staff will become familiar with the right questions to ask, and
- Senior staff will have clear guidance towards making key decisions.
COURSE CONTENT
Specifically, the course will cover:
- An introduction to the basic principles of partial exemption
- Direct attribution: the ‘use’ of taxable goods and services purchased
- The standard method of apportionment – how it works, advantages and pitfalls
- Special methods – 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
The course is ideal for anybody who is directly or indirectly involved with VAT in businesses or organisations that are partly exempt, such as financial institutions, educational establishments, charities, health and welfare organisations.
It would also be relevant for professional advisers of all of partly exempt businesses.
Would you like this course run in-house? Call us on 0207 566 8207 to find out more