VAT Planning and Pitfalls

Speaker:  Gwen Ryder  |  CPD Hours: 6.0

Price £545 plus VAT

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OBJECTIVES

VAT mistakes are costly and penalties for errors add to the cost. Most could be avoided by giving attention to detail before the transaction takes place. This course covers a very wide range of VAT subjects and examines the availability and possibility for planning and the many areas where errors frequently occur.

CONTENT

VAT liability (including recent and impending changes) – exempt, reduced rated, zero rated and outside the scope

Registration, deregistration and VAT groups

Transfers of going concerns

Partial exemption

  • Taxable and exempt supplies
  • Standard methods and what not to include
  • Special methods and overrides
  • Payback and clawback and the interaction with the four year cap

The VAT option to tax

  • How to get it right, and when to apply
  • Effect on existing leases
  • Disapplications and the effect on input tax
  • Anti-avoidance measures

The VAT Capital Goods Scheme

Exports – strict conditions for zero rating

Intra-EU trade in goods

  • Conditions for zero rating sales
  • Triangulation
  • How to avoid having to register for VAT in another Member State

VAT schemes and what goes wrong

  • Second hand margin scheme
  • Flat rate
  • Cash accounting

International services

Input tax

  • Holding correct evidence
  • “Blocked” input tax
  • The difference between staff entertainment and business entertainment

VAT returns

WHO SHOULD ATTEND

Anyone responsible for correct VAT management and planning in their business.

UPCOMING EVENTS

10th Apr 2017

09:30 - 17:00

Central London

1st Aug 2017

09:30 - 17:00

Central London

3rd Nov 2017

09:30 - 17:00

Central London

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