Read more
2Month/20 Hours Price:350,000
345,000
UK TAX - Value Added Tax VAT Training
Key Learnings
By the end of this course, learners will:
Understand the fundamentals of UK VAT and HMRC regulations
Learn VAT registration, deregistration, and compliance procedures
Calculate VAT accurately and prepare VAT returns
Understand different VAT rates, exemptions, and reliefs
Apply VAT rules for domestic and international transactions
Comply with Making Tax Digital (MTD) for VAT
Handle VAT audits, disputes, and penalties
Utilize VAT schemes (Flat Rate, Cash Accounting, Margin Scheme)
Recognize VAT fraud risks and prevention strategies
Course Modules
Module 1: Introduction to VAT in the UK
- Overview of VAT and its role in taxation
- Direct vs. Indirect Taxes
- Legal framework & VAT regulations
- Role of HMRC in VAT enforcement
Module 2: VAT Registration & Deregistration
- Who needs to register for VAT?
- VAT registration threshold & process
- Voluntary vs. compulsory registration
- VAT deregistration: when and how?
Module 3: VAT Invoicing & Record-Keeping
- VAT invoice requirements
- Types of VAT invoices (Full, Simplified, Modified)
- VAT record-keeping best practices
- Digital record-keeping and compliance with MTD
Module 4: VAT Calculation & Return Filing
- How to calculate VAT (Input VAT vs. Output VAT)
- Completing a VAT return (Form VAT100)
- Payment deadlines and refunds
- HMRC VAT inspections and audits
Module 5: VAT Rates & Exemptions
- Standard, Reduced, Zero-rated, and Exempt supplies
- Partial Exemption and its impact
- VAT treatment for specific industries
- VAT relief for charities and non-profits
Module 6: VAT Schemes for Businesses
- Flat Rate Scheme (FRS)
- Cash Accounting Scheme
- Annual Accounting Scheme
- Retail and Margin Schemes
Module 7: VAT on International Transactions
- VAT rules on imports and exports
- Postponed VAT Accounting (PVA)
- VAT for e-commerce businesses (OSS & IOSS)
- Brexit impact on VAT for EU transactions
Module 8: VAT Compliance, Audits & Penalties
- Common VAT errors and how to avoid them
- HMRC VAT audits and investigations
- VAT penalties, surcharges, and dispute resolution
- Anti-fraud measures and VAT fraud detection
Module 9: Making Tax Digital (MTD) for VAT
- Overview of MTD for VAT compliance
- Digital record-keeping requirements
- MTD-compatible software and tools
- Future of digital taxation in the UK
Module 10: Case Studies & Practical Applications
- Real-world VAT scenarios in different industries
- Managing VAT for small vs. large businesses
- Handling VAT disputes and appeals
- Best practices for tax advisors and accountants
Career Path & Job Opportunities
After completing this course, learners can pursue careers in:
🔹 VAT Consultant – Advising businesses on VAT compliance
🔹 Tax Accountant – Handling VAT returns and reporting
🔹 Finance Manager – Managing VAT obligations for companies
🔹 HMRC VAT Inspector – Enforcing VAT laws and regulations
🔹 Indirect Tax Specialist – Providing VAT planning services
🔹 Business Tax Advisor – Assisting companies with VAT strategy
🔹 E-commerce VAT Expert – Managing VAT for online businesses
Job Interview Preparation (Soft Skills Questions & Answers)
§ Tough Open-Ended Job Interview Questions
§ What to Wear for Best Job Interview Attire
§ J Job Interview Question- What are You Passionate About?
§ How to Prepare for a Job Promotion Interview
Stay connected even when you’re apart
Join our WhatsApp Channel – Get discount offers
500+ Free Certification Exam Practice Question and Answers
Your FREE eLEARNING Courses (Click Here)
Internships, Freelance and Full-Time Work opportunities
Join Internships and Referral Program (click for details)
Work as Freelancer or Full-Time Employee (click for details)
Flexible Class Options
§ Week End Classes For Professionals SAT | SUN
§ Corporate Group Trainings Available
§ Online Classes – Live Virtual Class (L.V.C), Online Training
0 Reviews