Vat:problem areas & solutions

(Duration 90-120 mins)

Many accountants prefer to avoid dealing with Vat matters but ignore this important tax at their peril.Given the potential for error by unsuspecting or careless clients,the costs of "getting it wrong" can be ruinous.

This course will review some typical pitfalls,and suggest solutions to help the busy practitioner identify problem areas and provide timely advice.

Some areas examined:

- VAT administration including Registration/deregistration and penalty regimes

- Planning for Vat,including cash,annual and flat rate schemes 

- Problems with supplies e.g.time of supply,disaggregation 

- Problems with input tax recovery