This course is one of Centurion’s Basic VAT series and concentrates on how a business which identifies that it generates VAT Exempt income needs to undertake an apportionment of the Input VAT it incurs. Businesses need to establish the amount of VAT on costs that are used to generate VAT Exempt income. This VAT on costs may be blocked from recovery if it exceeds prescribed limits.
- Calculating your recoverable Input Tax
- The Standard Method
- Value Based Calculation
- Use Based Calculation
- Standard Method Over-ride
- Special Partial Exemption Methods (PESMs)
- Sector frameworks
- Special Method Over-ride
- De minimis Limits
- Simplified Test
- Annual Test
- Interaction with Capital Goods Scheme
- Interaction with non-business/outside the scope activities
For individuals new to VAT or new to the impact of making VAT Exempt supplies within their organisation who need to understand the impact; staff responsible for the completion of a VAT Return for their business or accountancy staff with partially exempt clients.
- To provide an introduction to the UK VAT rules relating to undertaking a partial exemption calculation.
The round table discussion format encourages participants to share common practical concerns and experiences.
Please note that spaces are limited for this course.
This course is £90+ VAT per delegate.
A Certificate of Attendance is available for training records/CPD purposes.
Any queries please contact us on 01633 415390 or email@example.com
All cancellations must be made no later than 25 working days before the start of the relevant Training Course. If a delegate fails to attend a training course, then full payment will be required.
Alternatively, a substitute delegate can be named before the course and no charge will be made for making a substitute.
We reserve the right to cancel a Training Course at any time. In such circumstances we will either offer alternative dates or a full refund.