VAT (Value Added Tax)

Overview

Our VAT (Value Added Tax) course provides a comprehensive understanding of the UK VAT system. You will learn how to register for VAT, account for VAT, and calculate VAT. Additionally, we will cover topics such as VAT penalties, claiming VAT back, VAT reverse charge, VAT inspections and investigations, and VAT implications when buying or selling a business. You will also gain knowledge on VAT when it comes to imports and exports, and the upcoming Making Tax Digital initiative in 2022.

This course is suitable for individuals who work in finance or accounting, as well as those who run their own businesses and want to ensure compliance with VAT regulations. By completing this course, you will have a thorough understanding of the UK VAT system and be able to apply best practices in VAT accounting.

What Will You Learn?

• Introduction to the UK VAT system
• How to register for VAT
• Accounting for VAT
• How to calculate VAT
• VAT penalties
• How to claim VAT back
• VAT reverse charge
• VAT inspections and investigations
• VAT when buying and selling a business
• VAT on imports and exports
• Making Tax Digital in 2022

Who Should Take The Course

This course is suitable for anyone who wants to learn about the UK VAT system, including business owners, entrepreneurs, accountants, finance professionals, and anyone who is involved in the buying and selling of goods and services.

Requirements

There are no specific requirements to take this VAT course. However, it is recommended that you have a basic understanding of accounting principles and the UK tax system.