VAT for Training - Partial Exemption & other VAT Mysteries Solved (WS5696)

Thursday, 10th May 2012, London Victoria

Overview

The increase in the rate of VAT to 20% means it is more important than ever to ensure that VAT is applied correctly by training providers: this applies to both income and expenditure.

Income

• Errors in the application of VAT means that, not only will there be an assessment for the 20% VAT not applied where applicable - but also has a penalty (of up to 100%) and interest implications.

Expenditure

• Making of supplies which are either VAT exempt or outside the scope of VAT, results in a significant level of irrecoverability of VAT incurred on purchases: this can significantly increase business costs and therefore, reduce profit margins.

It is important to ensure that continuing changes to VAT legislation are identified and dealt with correctly by the business. This will also ensure that the most cost-effective and commercial treatment of VAT results in significant savings to the business.

In these financially constrained times, VAT planning can considerably reduce business costs and, at the same time, generate refunds of overpaid VAT by reviewing the application of the VAT legislation.

Content

The seminar provides practical and expert advice on the most significant VAT issues impacting on training providers.

VAT Principles

• VAT legislation.
• VAT liability of income. How to interpret contracts to establish the most appropriate VAT liability.
• Identifies unusual or exceptional transactions to establish the VAT treatment.
• Fully explains the applications of income on which VAT is not payable.
• Establishes the impact on VAT incurred on costs.
• Advises on the practical methods to improve VAT recovery on costs.
• Provides case studies as examples of practical applications of VAT planning.

Learning Objectives

• How to identify appropriate VAT liabilities.
• How to deal with exceptional and unusual transactions.
• Indicators to identify VAT liability in practice.
• Highlights the criteria to correctly apply VAT to sales.
• What criteria need to be considered to achieve maximum VAT recovery on costs.
• Provides the training providers with means of considering whether VAT refunds are possible.
• Provides training providers with practical steps to treat VAT appropriately.

Delegate Feedback

'Detailed knowledge - Expert Input'.
Managing Director, Brighton Film School

Who Should Attend?

Because of the very practical nature of the seminar, the event is suitable for all providers of training whether commercial, funded or charitable, other not-for-profit organisations, partnerships and networks.

Delegates being Finance Directors, Financial Controllers, Managing Directors, Course Directors, Accountants, Bookkeepers, CEOs and Trustees will all find the event of significant interest and structure to improve the VAT application by their business. The forum is structured to ensure that there is considerable feed back and interaction between the delegates to ensure the maximum practical and constructive forum.

Note: VAT registration is not necessary as VAT issues will also affect those organisations not currently registered.

Programme

View Programme

Facilitator

The Facilitator has been involved in VAT for over 33 years. He was formerly a VAT Inspector with H M Customs and Excise for 17 years, for the last five of which he was in charge of the Salisbury VAT office. He then joined a national firm, and for 15 years advised its clients on VAT, the last 4 as a partner.

He has a particular interest in the travel industry, education, training, Charities and welfare services, in advising on the VAT issues, which are particularly complex. He is also a member of the Association of Indirect Tax Practitioners. As an example of his practical and specialised approach he advises the Association of Learning Providers on VAT matters regularly giving seminars, attending conferences and exhibiting, to provide a readily accessible source of VAT advice to Training Providers, who suffer severe complexities in the application of VAT.

To demonstrate the effectiveness of these seminars, clients have to date benefited, by refunds totaling over £2 million pounds, and in addition enjoyed the benefits of more advantageous VAT treatment.

Venue and Travel

Venue details and travel information will be included in your confirmation email. If the venue has not been confirmed at the time of booking, then the information will be emailed to you closer to the event.

Booking & Confirmation

Bookings will only be accepted on receipt of full payment PRIOR to the event via cheque, BACS or credit card.  Cheques to be made payable to ‘National Training Resources Limited’.

All reservations will be confirmed by email within two days of receipt of your completed booking form and payment in full and will include venue details and times.

Please direct all conference queries to the Conference Team.
Tel:  0845 130 6152 or 01827 63919.
Fax:  01827 60836 or 01827 61428. 
Email: conferences@national-training.co.uk

Terms & Conditions

Please read our full terms and conditions. Completion and return of the Booking Form constitutes a contract between yourselves and National Training Resources Limited.  Delegate cancellations/transfers are only accepted up to 3 weeks prior to the event and are subject to a small administration charge. Delegate substitutions can be made at any time.  We reserve the right to cancel or alter the event at any time.