Understand the Irish VAT system and when VAT registration is required

Course Outline: 

• What is VAT? How does it work in business? How is it different to other taxes such as income/corporation tax?
• The VAT thresholds and the process for VAT registration
• When would a business elect to register for VAT?
• A review of different VAT rates and how to apply them correctly
• Output VAT: what VAT can be reclaimed on purchases?
• A step-by-step guide to calculating, preparing, filing and paying VAT
• Filing obligations: VAT3 and RTD
• Practical advice on recording and maintaining the necessary records for VAT compliance
• Checklist of what needs to be on a VAT invoice
• VAT and pricing
• Common VAT errors and how to avoid them

This course will be delivered by Marie Manning of Manning Financial Management