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Introduction to VAT

Online course to give an overview of VAT

AccountsWiz Ltd

Summary

Price
£42 inc VAT
Study method
Online
Duration
8 hours · Self-paced
Access to content
12 months
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free
Additional info
  • Tutor is available to students

Overview

The aim of this course is to give you an in depth look at VAT, what it is, who it applies to how VAT schemes work. It covers the main aspects of VAT and VAT returns.

Description

The course is broken down in to 5 modules, covering:

  • Contact Details
  • Start Course Overview

1. Introduction to VAT

  • 1.1 - What is VAT?
  • 1.2 - HMRC
  • 1.3 - Input VAT vs Output VAT
  • 1.4 - Who does VAT apply to?
  • 1.5 - Who needs to register for VAT?
  • 1.6 - Voluntary VAT registration
  • 1.7 - How to register for VAT
  • 1.8 - VAT rates

2. VAT Schemes

  • 2.1 - What are the different VAT schemes?
  • 2.2 - Accrual based accounting
  • 2.3 - Cash accounting scheme
  • 2.4 - Annual Accounting scheme
  • 2.5 - Flat Rate scheme

3. Making Tax Digital

  • 3.1 - What is Making Tax Digital?
  • 3.2 - Who does Making Tax Digital apply to?

4. VAT Returns

  • 4.1 - What is a VAT return
  • 4.2 - Completing a VAT Return
  • 4.3 - VAT return filing deadlines
  • 4.4 - Late filing penalties

5. Misc VAT Issues

  • 5.1 - Purchases made before registration
  • 5.2 - Consequences of non registration for VAT
  • 5.3 - VAT de-registration

Who is this course for?

This course is aimed at:

  • Individuals wanting to work with VAT
  • Individuals already working with VAT and want to improve their skills & knowledge
  • Individuals want to improve their skills & knowledge of VAT
  • Small business owners

Questions and answers

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Certificates

Certificate of completion

Digital certificate - Included

Reviews

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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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