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VAT Part 1- An Introduction to UK VAT


Anyone who is completely new to VAT, or who needs a refresher and a thorough grounding on the basics of VAT.

Select specific date to see price, venue and full details.

Learning Objectives

This course covers the basics of VAT and the key rules applicable to all businesses. The course is designed to offer delegates a thorough understanding of how VAT works, whether or not to charge VAT on a supply, what VAT can be reclaimed on costs, and how and when to complete VAT returns.

The course forms a good foundation for VAT Part 2 – An Introduction to Complex Aspects and New Developments.

Course Content

How VAT works

  • The theory of VAT
  • Inputs and outputs
  • Taxable supplies
  • Rates of tax
  • Zero rates, exemptions and outside the scope transactions
  • Business and non-business income

VAT registration

  • How and when to register
  • Penalties for late registration
  • Group and divisional registration


  • What is a supply of goods or services?
  • An introduction to “deemed” supplies
  • Hire purchase and conditional sale agreements
  • Second hand goods
  • The VAT fuel scale charge

Time of supply

  • When VAT becomes due to HMRC
  • Deposits and continuous supplies

Input tax

  • When VAT can be recovered
  • Evidence required
  • The effect of making exempt or non-business supplies
  • Non-recoverable input tax
  • Recovering VAT on staff expenses

Records and accounts

  • Requirements of a VAT invoice
  • Currency invoices
  • Retailers’ invoices and pro formas
  • Self billing
  • Credit and debit notes

VAT returns

  • How to complete them properly and avoid penalties
  • Annual, cash, and flat rate accounting schemes
  • How to disclose errors to HMRC
  • Penalties and interest charges for errors

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