1
Type
Speaker
CPD Hours Level
Seminar 6 IntroductionInformation
Accreditation Information
SRA Competency B
VIEW FEEDBACK
'Gwen was very enthusiastic and knowledgeable'
Rachel Higginbottom, Chantrey Vellacott DFK

Introduction

VAT registered businesses which also make exempt supplies cannot recover VAT on all their costs as input tax. Particular business sectors affected are land and property, insurance and finance, education, health and welfare and charities. This course is for those who have a sound knowledge of general VAT, but who are new to the area of partial exemption. It gives participants a clear understanding of the subject, and the tools to maximise VAT recovery in their particular business sector and avoid risk of errors.

What You Will Learn

This course will cover the following:

  • The detail of the exemptions within Schedule 9, VATA 1994 and the fine line between exemptions and taxable supplies
  • General provisions relating to allowable input tax
  • The standard method
    • Values and use based calculations
    • Use of previous year's recovery percentage
    • Standard method override
  • Special Methods
    • Sectors, headcount, square footage etc
    • Fair and reasonable declarations and legal certainty
    • Special method override
  • De minimis limits
  • Attribution of input tax
    • Definition and case law
    • Change of intention and use requirements
  • Annual Adjustments
  • Out of country and distortive supplies, including Budget changes
  • Records and accounts
  • The VAT Capital Goods Scheme
  • Imports of services and the reverse charge, including Skandia

Book now

Added to basket

Seminar | 06.05.2020

Birmingham | 9:30am - 5:15pm


VAT & Partial Exemption - How to Maximise Recovery & Avoid Risk

Checkout
Continue Shopping
May
6
2020
Birmingham
9:30am - 5:15pm
Add

Added to basket

Seminar | 09.06.2020

Leeds | 9:30am - 5:15pm


VAT & Partial Exemption - How to Maximise Recovery & Avoid Risk

Checkout
Continue Shopping
Jun
9
2020
Leeds
9:30am - 5:15pm
Add

Added to basket

Seminar | 29.06.2020

London | 9:30am - 5:15pm


VAT & Partial Exemption - How to Maximise Recovery & Avoid Risk

Checkout
Continue Shopping
Jun
29
2020
London
9:30am - 5:15pm
Add
Prices (ex VAT)
Smart
Plan Information
£216
Season
Ticket Information
£240
Standard
£480
Group bookings
Discounts are available for multiple places and if you have 5 or more people interested in this course and would like to discuss holding it in your area or on an in-house basis then please email us at information@mblseminars.com
Can’t Make the Date?

Please let us know if you wish to be notified when new dates are added for this programme

Related Events