The VAT Capital Goods Scheme (‘CGS’) Demystified

The VAT Capital Goods Scheme (‘CGS’) Demystified


7 Nov 2024

2:30 PM ‐ 4:30 PM

With a SmartPlan £144

With a Season Ticket £160

Standard price £320

All prices exclude VAT
Intermediate: Requires some prior subject knowledge
3 hours
Group bookings
email us to discuss discounts for 5+ delegates


Is the CGS a complicated subject? Well yes, it certainly can be. It clearly affects partly exempt businesses, and not for profit bodies, but there are also VAT traps for fully taxable businesses, and assets transferred as part of a Transfer of a Going Concern (‘TOGC’).

This virtual classroom session will provide delegates with a firm foundation for all the elements of the subject and help them to deal confidently with the CGS going forward.

This is a highly interactive session with lots of case studies and exercises.

What You Will Learn

This live and interactive course will cover the following:

  • The scope of the CGS
    • Land and property and other assets
  • Valuation and definitions
  • Scope to hold assets outside of the CGS
  • How to work out adjustments
  • Interaction with partial exemption and non- business activities
  • Accounting for adjustments
    • When and how
  • Disposing of capital items during the adjustment period
  • What to do with ‘short leases’ of less than 10 years
  • Extras steps for CGS assets transferred as part of a TOGC
  • Considerations for ‘cross border’ transfers
    • The VAT anti avoidance rules and ‘innocent’ transactions that trigger CGS adjustments e.g. ‘connected persons’.
  • Movements in, and out of, VAT groups

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.

The VAT Capital Goods Scheme (‘CGS’) Demystified