VAT– Implementation Strategy for Enforcement & Compliance

Description

Introduction
We have structured and designed our VAT partnership events very carefully, covering all practical skills that are necessary to understand and complete the VAT compliance process.

The practical exercises use real-life data, building up your understanding of the VAT rules and processes, step by step, and enabling you to understand the VAT rules. This step by step approach makes our events suitable for everyone, regardless of their previous knowledge and experience of VAT.

Course Content

• The initial VAT registration process
• Business and non-business income types
• Inputs and outputs
• Zero rates, exemptions and outside the scope transactions
• Generally specified format for VAT invoices, credit notes, etc.
• Monthly, bi-monthly, quarterly, 6-monthly or annual VAT filings
• Payments deadlines for companies
• Enforcement and compliance

Learning Outcomes

• Understand and complete the compliance process
• Understand the VAT rules and processes
• Understand the importance of global partnership and networking

Learn how to promote and design proper compliance into all systems and processes to make it easier for customers to get it the right first time when they send us tax return.