Loading...

An Introduction to VAT for Law Firm Accounts & Finance Staff

An Introduction to VAT for Law Firm Accounts & Finance Staff

Available to view on demand

With a SmartPlan £99

With a Season Ticket £198

Standard price £396

All prices exclude VAT
Level
Introduction: Requires no prior subject knowledge
CPD
1 hour
Viewership
Access for entire organisation

Introduction

Aimed at those new to legal finance and compliance, this webinar will provide you with an introduction to VAT and discuss how it works within legal practice.

What You Will Learn

This webinar will cover the following:

  • The basics
    • What is VAT?
    • Terminology
    • VAT rates/types of supply
    • Accounting systems
  • Purchases and inputs
    • Inputs and input VAT
    • Recovery of input VAT
    • Business and personal usage
  • Sales/outputs
    • Outputs and output VAT
    • Valid VAT invoices and credit notes
    • Accounting for output VAT
    • Overseas clients
    • Land relates services
  • Disbursements and recharges
    • What is a disbursement (HMRC’s definition)
    • Disbursements - accounting options
    • Recharges - accounting options

This webinar was recorded on 14th September 2023

Preview