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UK VAT – The Essentials

Titan Learning

Summary

Price
£375 inc VAT
Finance options
Finance options available
Study method
Online
Duration
3 months · Self-paced
Qualification
No formal qualification

Overview

This course is designed for non-VAT professionals who require a beginner’s guide to VAT and need to know the essential VAT information to make more informed and confident VAT related decisions. This course will help guide learners through key considerations such as how to calculate VAT on supplies, how to avoid irrecoverable VAT and ways to minimise VAT costs.

Description

VAT is the very essence of a business tax - it applies to all purchases and sales transactions. The important decisions on whether to charge VAT, reclaim it or decide whether VAT has been properly charged by suppliers are taken by the people who are embedded into core business activities and those people are often unaware of the impact their decisions have on the business. Make yourself more VAT aware by gaining a better understanding of VAT and its practical application to everyday business.

Course Modules Included:

History & Background of EU VAT

How VAT Works

VAT Compliance

VAT Rates

Supplies of Goods

Supplies of Services

Invoicing Rules

Deducting VAT – Input Tax

Cash Flow & Accounting for VAT

What is Included?

VAT Resources and reference materials

Expert VAT support via online student forums

Interactive eLearning modules

Comprehensive end of course VAT Assessment

VAT Decision-making tools

4 Continuing Professional Development (CPD) hours

Who is this course for?

This course is suitable for Finance, Tax and Accounting professionals who are involved in making VAT related decisions. This course would suit Finance staff members, accountants, bookkeepers and Accounts Receivable and Accounts Payable staff.

Questions and answers

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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