This course is one of Centurion’s Basic VAT series and concentrates on how an organisation, which identifies that it has created a Capital Goods Scheme item, may need to undertake an apportionment of the Input VAT it incurs and restrict recovery. This will impact particularly on organisations which generate VAT Exempt income and/or Non Business income.
- What creates a Capital Good within the scheme
- The Adjustment Period
- First Interval
- Subsequent Intervals
- Adjustment Method
- Disposal of an item during the adjustment period
- Adjusting the VAT Return
- Other Aspects:
- Timings of Input Tax incurred
- Rolling Refurbishments
- Transfer of a business including a Capital Item
- VAT Groups containing Capital Items
For individuals new to VAT or unfamiliar with the operation of the Capital Goods Scheme. This will include staff responsible for VAT or Property Development Managers within charities, housing associations, universities, colleges, banks and financial services businesses, property companies etc.
- To provide an introduction to the UK VAT rules relating to assets which fall to be regarded as within the Capital Goods Scheme.
The round table discussion format encourages participants to share common practical concerns and experiences.
Please note that spaces are limited for this course.
A Certificate of Attendance is available for training records/CPD purposes.
This course is £90+ VAT per delegate.
Any queries please contact us on 01633 415390 or firstname.lastname@example.org
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.