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Introduction to VAT

£41.79

The aim of this course is to give you an in depth look at VAT, what it is, who it applies to and how VAT schemes work. It covers the main aspects of VAT and VAT returns.

SKU: 273552 Category:

Description

Accounting and finance_Accountancy

Description

The course is broken down in to 5 modules, covering:

  • Contact Details
  • Start Course Overview

1. Introduction to VAT

  • 1.1 – What is VAT?
  • 1.2 – HMRC
  • 1.3 – Input VAT vs Output VAT
  • 1.4 – Who does VAT apply to?
  • 1.5 – Who needs to register for VAT?
  • 1.6 – Voluntary VAT registration
  • 1.7 – How to register for VAT
  • 1.8 – VAT rates

2. VAT Schemes

  • 2.1 – What are the different VAT schemes?
  • 2.2 – Accrual based accounting
  • 2.3 – Cash accounting scheme
  • 2.4 – Annual Accounting scheme
  • 2.5 – Flat Rate scheme

3. Making Tax Digital

  • 3.1 – What is Making Tax Digital?
  • 3.2 – Who does Making Tax Digital apply to?

4. VAT Returns

  • 4.1 – What is a VAT return
  • 4.2 – Completing a VAT Return
  • 4.3 – VAT return filing deadlines
  • 4.4 – Late filing penalties

5. Misc VAT Issues

  • 5.1 – Purchases made before registration
  • 5.2 – Consequences of non registration for VAT
  • 5.3 – VAT de-registration