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VAT on Training

Our extensive range of vat on training courses offers something for everyone from new starters in a VAT environment to those needing more specialists training. As well as more sector specific areas such as VAT for Academies, VAT in the Retail Sector, VAT in Insurance, VAT in Health and Welfare, VAT for Charities etc. All of our courses are interactive, engaging and informative and delegates are provided with comprehensive course materials to support the training. Almost every business has to submit VAT Return. In this Vat on training courses you will learn how to VAT Return contains Output VAT and Input VAT information to be submitted to Taxman (HMRC). Through the VAT return HMRC knows exactly how much the business owes to HMRC. Moreover, HMRC can pay back any VAT amount overpaid which only can be determined by through an accurate VAT return.

How to do VAT Return

Firstly, businesses need to register with HMRC before they can process a VAT Return. Businesses must fulfill the criteria to become VAT registered and to get a VAT Registration no. Once the business is registered they can then regularly submit the VAT return using specified VAT forms. There are many VAT Schemes available in general. There are some specialized VAT schemes available only for specific industries.

This one-day vat on training course covers all aspects of VAT involving cross-border sales and purchases of goods and services. This vat on training course will assist any UK company which supplies goods or services to customers outside of the UK, or receives supplies of goods or services from an overseas supplier. This vat on training course will demonstrate the correct way to treat VAT on such transactions.

Key areas of vat on training task which you will learn during this training are as follow:

  • Understanding VAT Principles
  • VAT registration
  • Analysis of different VAT Scheme
  • Preparing VAT
  • Reconciliation of VAT
  • Completing a VAT return
  • Calculating VAT for a business with mixed zero-rated and standard-rated sales
  • Submission of VAT Return to HMRC

You will get a training certificate which will increase your chances of getting a job.