Principles of the VAT System

This workshop will provide an overview of the VAT system for business owners.

You will understand who is obliged to register for VAT, the different VAT rate and how to submit returns.

The workshop will also address VAT issues related to importing and exporting from/to countries inside and outside the EU.

• Principles of the VAT System and how it works
• VAT on invoices and credit notes
• Who is obliged to register for VAT?
• How to register for VAT
• VAT Rates – how to determine the correct rate of VAT to charge or be charged
• Making a VAT return
• VAT returns based on transactions or based on payments
• Deductible and Non-Deductible VAT – costs on which VAT may or may not be reclaimed and the most common errors
• Importing and Exporting (EU and no EU countries) – the rules explained

Delivered by

Paul Murtagh