Dispel mystery around VAT, understand VAT obligations for micro enterprise and how VAT works

Course Outline: 

• Introduction to VAT
• How VAT works
• Registering for VAT – what to consider, Irish, Intrastat, postponed accounting
• Deregistering for VAT
• VAT thresholds
• VAT Rates and relevant activities– 23%, 13.5%, 9%, 0%, Exempt – how to check
• VAT returns – VAT3, RTD, VIES, Intrastat
• Important Dates
• Bookkeeping for VAT – samples given and practical application to prepare VAT 3 return
• Non Deductible VAT items
• Self – Supply
• 2/3 rule
• Bad Debt Relief
• VAT 3 calculation and submission on ROS
• Return of Trading Details (RTD) – complete and submit on ROS
• EU transactions
• Exports and Imports outside EU including dealing with UK

This course will be delivered by Bernadette Farrell of Ace Training