VAT Part 1 – An Introduction to UK VAT 2016

This course covers the basics of VAT and key rules applicable to all businesses. It is designed to offer participants a thorough understanding of how VAT works, the registration process and how and when to complete VAT returns. This course covers How VAT works Taxable supplies Business and non-business income What is a supply of goods or services An introduction to “deemed” supplies Time of supply When VAT becomes due to HMRC Input tax Records and accounts VAT returns... ... And much more.