VAT: Key Issues
VAT is complicated. It’s a minefield of regulations, exceptions, and exceptions to exceptions. This course simplifies the issues, ensures compliance, and provides ways you can save money on VAT.
£150 +VAT
VAT: Key Issues
£150 +VAT
365 days’ access
This course will enable you to
- Get to grips with the full scope of VAT and its implications
- Comply with VAT regulations
- Know when and how to register and deregister for VAT
- Make use of special schemes that could save you money
- Understand how VAT applies to business transfers
- Recognise how VAT relates to property
- Correctly account for various taxes, such as corporation tax and employment taxes
About the course
VAT is a vast subject with its own rules and regulations. While conceptually simple, its many regulations, exceptions, and exceptions to exceptions make it a maze where many get lost.
This course helps you navigate this complex area and comply with VAT regulations. It also provides money-saving solutions for problems you might not even be aware of. It explains when registering for VAT can be beneficial and how both registration and deregistration work. It covers transfers of going concern, government schemes that can ease VAT-related pressures, and VAT implications for property transactions.
Please Note: This course only covers tax in the United Kingdom
Contents
Registration
Getting started
Getting registered
Benefits and drawbacks
Avoiding registration
Deregistration
Thinking about deregistering
When to deregister
The implications of deregistering
Post-deregistration
Transfer of going concern
Working it out
Defining a transfer of going concern
What about VAT?
VAT implications
TOGC and property
Special schemes
Available schemes
Partial exemption
The Flat Rate Scheme
A scheme for me
Other schemes
VAT and property
Accounting for property
Sale of land
Waiving exemption
Option to tax
Quirks and oddities
The other stuff
Rules for vehicles
Private schools
Final thoughts
Author
Andrew Law
Andrew Law has been in professional tax practice for over 30 years advising SME business on taxation matters and has advised on the sale and purchase of numerous businesses of all kinds and sizes.
26 reviews for VAT: Key Issues
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Nicola Kerr –
I think the course should look into contracting vat as it has changed over the years.
Ann White –
I agree with another reviewer that it is disappointing that there was no reference to reverse charge VAT (domestic and non domestice). It would also have been really helpful to have included explanations of zero rated and no VAT and to explain how the VAT rates affect the VAT return. It would be worth considering offering a VAT course that really does go through the basics and not just covering more specialist areas.
Frances Coffey –
Clear and useful but I would have liked some information on reverse charge,
Mark Carter –
Concise and a good comprehensive refresher
Gillian Sayer –
Really enjoyed this course. It was clear and factual with clear examples.
Irene Awala –
Excellent!
Trevor Hogg –
Course is concise, relevant and well presented
Michelle Page –
Useful and informative however it would be beneficial if you removed the annoying and distracting music from the video segments; it obscures the sound.
Jack Herbert –
pretty good
David Machin –
Very informative
Ting Su –
Good refreshment course on VAT
Katherine Young –
It did not cover Brexit elements too. Otherwise, it was good.
Peter Marshall –
It covered all the key areas around VAT with examples of the issues to consider. It helped with the a broader understanding of the rules around VAT.
M Harding –
It was helpful but sometimes a big hard to follow
Maria Persson-O’Connor –
Great run through of a complex area
John Egan –
Very useful. My organisation is partially exempt and also opts to tax on some leases so it is very useful for my understanding of the background and implications. I would have liked a recap of the definitions of exempt, zero and standard rated.
Julie Tannett –
Really, really informative. I knew a lot less than I thought I did.
Nicholas Charles –
Good update & review
Elisabeth Knight –
Good course, as usual. Would like to cover vat and point of supply with regards to u tubers will look for a course covering that
Ann Shanks –
A big subject for a four hour course
Mehmud Nathu –
Great
Javeria Surfraz –
Great overview of VAT.
Edwin Parr –
As shown by the spread of answers some of the questions at the end of the modules are a little ambiguous.
Mark Dunthorne –
Very useful, coherent and easy to understand with good examples.
Nadina Wallis –
–
Iain Goddard –
Very interesting & emphasises that property needs looking @ closely from a VAT point of view