COURSE OBJECTIVES: This course covers the more complicated aspects of VAT, highlighting problems and recent developments. It assumes as prior knowledge, topics covered in VAT in Detail - Part 1 with which it can be combined to form a two-day programme.
COURSE CONTENT
VAT Legislation and Appeals
- Sources of law and information
- The VAT and duties appeal system
Supply and Consideration
- Place of supply of goods
- Single or multiple supply?
- Barter transaction and consideration in kind
- Gifts of goods
- The artificial prices rule
- Awards and rewards
- Fuel for private use
- Loans of assets
- Services used partly for non-business purposes
Introduction to International Services
- The possibilities for relief from the standard rate
- Basic rule services
- Services related to land, transport and intermediaries
- Services supplied where performed
- Schedule 5 services and the reverse charge
VAT Traps in Commercial Property Transactions
- Standard rated, zero-rated and exempt supplies
- The VAT option to tax
- The VAT capital goods scheme
Partial Exemption
- The key principles
- The basis of direct attribution
- ''Residual tax''
- The de minimis limit
- Standard and special methods and the ''over-rides''
WHO SHOULD ATTEND
Those wanting to learn about the more complex areas of VAT. This is not a beginners course and assumes a basic knowledge of VAT.
"Good explanations on a complex subject. Very helpful, thank you."
"Had a great day, very enjoyable and would recommend to anyone."
Would you like this course run in-house? Call us on 0207 566 8207 to find out more