VAT course contents

- General Explanation of VAT

 

- VAT registration in detail (Taxable person/Exempt person/Thresholds/Option to register/Cancelation of registration/Group registration)

 

- Amount on which VAT is chargeable

 

- VAT due and deductable (General rule on when VAT becomes due, how the tax point is determined, right to deduct VAT, VAT non deductible, Time limit)

- Accounting for VAT/Rates/Returns/Basis of accounting

- Option for the moneys received or "cash" basis

- Invoices, credit notes etc

- Records to be kept

- Supply of goods (taxable supplies of goods, self-supplies, prepaid telephone cards, non-taxable supplies of goods)

- Supply of services (what is service?, the "two -thirds" rule, place of supply of services, self-supplies)

- Relief for stock - in - trade for newly registered traders

- "Fourth Schedule" services

 

- Intra-Community Supplies/Acquisitions (Supplies of goods to other Member States, Verification of customers' VAT numbers, Fraudulent claims for zero-rating, VIES returns, Intrastat returns)

 

- Imports (non - EU)/Exports (non - EU), When is VAT not payable on goods at importation, VAT 13A Scheme, Valuation for VAT purposes, Cerdit in VAT returns for VAT on imported goods, evidence of export of goods)