The variety of topics covered was extensive and the speakers very good. Course material was good

- Stephen Redhead, Senior Partner, R&M Forensic Accountants

Vat Partial Exemption - April 10

This course covers the partial exemption rules in detail including the complexities of cost attribution, the standard method of apportionment and special methods

Introduction

Programme highlights:

  • Introduction (What is partial exemption? - a detailed review of Schedule 9, VAT 1994; De minimis limits; The basis of the right to recover input tax - direct attribution and apportionment; The effect of grouping; Standard and special methods of apportionment)
  • Direct Attribution (The importance of identifying how goods and services are ‘used’; Incidental use that can be ignored; What to do when the use turns out to be not as originally expected)
  • The Standard Method (How the method works; Advantages and disadvantages of using it; Outputs which must be excluded; The meaning of ‘incidental’; “Out of country” supplies; The standard method override)
  • Special Methods of Apportionment (Examples of special methods; Changes of circumstances; True and fair declarations; Special method override notices)
  • The Capital Items Scheme (Items included in the scheme; How the scheme works; Disposal of capital items; Interaction with partial exemption calculations)

Event details


Date:

Wednesday 28 April 2010

Location:

To be advised LONDON
London

Register for 3 courses and receive 4th FREE!
6 CPD
Hours

Benefits

  • Interactive tuition on developments in tax and accounting
  • Structured CPD training
  • Comprehensive reference materials
  • Tailored training with course sizes limited to 25
  • The benefit of industry experts’ vast experience

Who Should Attend

The course is intended for those who prepare, or are responsible for the VAT return of a partly exempt organisation, or their advisers. A sound grasp of the basic rules of VAT is assumed

Supported by:

Taxation