VAT: A Primer

by Sarah Laing

Revised and up to date for 2021/22. This course is an introduction to VAT, providing an overview of what VAT is, how the system works, and the issues that need to be addressed.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Get to grips with the basic principles of VAT
  • Understand how the UK system works and the various rates in force
  • Know when and how to register or deregister for VAT
  • Understand practical issues businesses might face with VAT
  • Familiarise yourself with popular VAT schemes

About the course

VAT affects many people and businesses across the globe. The penalties for getting it wrong are severe, administratively burdensome and can also be extremely costly. At first glance, it can look complicated - not to mention time-consuming. However, taken one step at a time, the rules governing VAT are quite straight-forward and easy to navigate.

This course is an introduction to VAT, giving you an overview of what VAT is, how the system works, and the issues that need to be addressed. By the end of the course you will have a good understanding of the basic principles which will enable you to approach VAT-related issues with confidence.

This course has been revised and is up to date for 2021/22

Look inside

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Contents

  • Introducing VAT
    • What is VAT?
    • Who does it affect?
    • When does it take affect?
    • What impact will it have?
  • Registration and de-registration
    • When do you register for VAT?
    • Why would you register voluntarily?
    • Is non-registration preferable?
    • How do you register?
    • When should you deregister?
    • How do you deregister?
  • Practicalities
    • What is time of supply?
    • How does invoicing work?
    • What are the record-keeping requirements?
    • What are the penalties for getting it wrong?
  • Prompts and nudges
    • What is a VAT number?
    • What special VAT schemes exist?
    • How do you prepare for MTD?
    • What further help is available?

Author

Sarah Laing

Sarah Laing is a Chartered Tax Adviser. Writing professionally since 1998, she joined CCH Editions as a Senior Technical Editor. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars.

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