Introduction to VAT

Venue:
Osprey Hotel, Naas, Co. Kildare
 
Date:
12/10/2017
 
Note:
Thursday 12th October, 2017
 
Time:
9:30am–1:00 pm
 
Category:
Business Training
 

Shows participants how VAT works, record keeping, book-keeping obligations and preparing to submit VAT returns. Presented by Bernadette Farrell, Ace Pro Business Ltd

This event is no longer available
 

NB!

  • If insufficient bookings are received on any course , the course will be cancelled and a full refund will issue.

  • Fees are NON REFUNDABLE except where a course is cancelled by Local Enterprise Office due to insufficient bookings. 

  • LAPTOP IS REQUIRED.

INTRODUCTION TO VAT

 

This programme aims to help participants how VAT works, record keeping, book-keeping obligations and preparing to submit VAT returns

 

The course objectives

  • List key actions in order to comply with VAT requirements
  • Register for VAT at appropriate time
  • Apply correct VAT rates
  • Prepare a VAT invoice
  • Explain how VAT returns are completed
  • Use ROS – registering, submitting returns online, record to keep – briefly

Programme

  • What is VAT? VAT explained
  • Registration obligations for VAT and different options available
  • Book-keeping systems and record keeping requirements (includes discussion on different software and accounting packages)
  • Contact numbers for VAT related queries
  • VAT rates and using the correct VAT rate
  • Record keeping obligations for VAT
  • Registering with ROS
  • Mandatory e-filing of VAT returns and ROS demonstration
  • Demonstration of filing returns online
  • Record to keep when using ROS
  • Preparing of mock VAT returns and practice of same
  • Non deductible VAT items
  • Calculating VAT rate on service which includes fitting of parts (two thirds rule explained and exercise used)
  • Vat invoices and credit notes
  • Bad Debt Relief

Outcome

On completion of this course participants can expect to have a good knowledge of

  • How VAT Works
  • When to register for VAT (at appropriate times)
  • How VAT returns are completed

 

 

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