Course Topics:
- The payment deadlines and procedures in filling of UK VAT Returns
- The required contents of VAT invoice
- The consequences of a trader with correct submission but late filing and payment of VAT return
- The extent of the penalties is based on the taxpayers’ behavior
Estimated time: 2 hours
- Teacher: Vince Chad Guiller Lacsamana
Course Topics:
- VAT returns
- VAT Invoices
- Example of a VAT Invoice
- The Default Surcharge
- Penalties & Interest
Estimated Time: 1 hour and 45 minutes
- Teacher: Joelle Marie Rebato
Course Topics:
- Group VAT Registration
- UK Businesses Trading (Purchases/Expenses and Supplies) overseas
Estimated Time: 45 minutes
- Teacher: Joelle Marie Rebato
Course Topics:
- Cash Accounting Scheme
- Annual Accounting Scheme
- Flat rate Scheme
Estimated Time: 1 hour
- Teacher: Joelle Marie Rebato
Course Topics:
- VAT registration: 1.1 Compulsory registration – historical turnover
- VAT registration: 1.2 Compulsory registration – future turnover
- VAT registration: 1.3 Voluntary VAT registration
Estimated Time: 1 hour
- Teacher: Vince Chad Guiller Lacsamana
Course Topics:
- Introduction to VAT: Direct vs. Indirect Taxation
- VAT Output, VAT Input, VAT to be remitted to HMRC, VAT receivable from HMRC
- VAT Inclusive vs. VAT Exclusive
- VAT Registration: Introduction to 1. Compulsory registration – historical turnover
Estimated Time: 45 minutes
- Teacher: Joelle Marie Rebato
Course Topics:
- Pre-registration Input VAT
- VAT Deregistration
- The Tax Point (Basic and Actual Tax Point)
Estimated Time: 45 minutes
- Teacher: Joelle Marie Rebato
Course Topics:
- Output VAT and Input VAT: Major Points
- Refund of VAT
- Motor Expenses (Recovery of Input VAT)
Estimated Time: 45 minutes
- Teacher: Joelle Marie Rebato