INTRODUCTION TO VAT & TRIANGULATION TRAINING COURSE
We all know how to deal with VAT, don’t we? Input and Output Tax, Zero-rated and Exempt. VAT Returns and record-keeping.
How do you deal with your exports and despatches to elsewhere in the EU? Is Ex Works good enough to zero-rate your exports? What happens if you have no documentation to prove that you exported a consignment out of the UK? Do you know what the Reverse Charge system is, or even how VAT is charged on services elsewhere in the EU? And what about Triangulation? Even better, how good are you at Triangulation and do you know how to deal with Intra-EU Transactions? And, for that matter, if you are an importer, are you aware of Postponed VAT Accounting and its benefits to UK Importers?
New VAT rules apply to e-Commerce trade with the EU as from 1 July 2021. These will affect UK exporters.
The VATman cometh. Are you prepared?
HMRC are targeting many companies to verify their VAT and export documentation and records, and are penalising those companies which cannot provide sufficient evidence of export. And at a UK VAT rate of 20%, that could seriously damage your wealth.
Now is the time to learn about how to ensure VAT compliance, especially in exports and imports, keep adequate records and know how to deal with all the issues mentioned above. Details of the course are below.
VAT (VALUE-ADDED TAX) & TRIANGULATION
What is VAT?
Types of VAT
The VAT Return
HMRC use of VAT Numbers
VAT on Consignment Stock
Import VAT & C79 Certificates
Postponed VAT Accounting (PVA)
The Reverse Charge Mechanism
Northern Ireland VAT
Dealing with VAT in other EU Countries
EU VAT Registration
EU VAT Numbers
Place of Supply and VAT on Services
2021 EU VAT Changes
VAT & SAGE Accounting-Commerce
Responsibility of the Trader
The OECD E SAF-T