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>Classroom training>Recovering Input VAT - Getting it Right
Course overview
The rules regarding input tax recovery are complicated and can be subject to interpretation by HMRC. As a result, companies often make basic compliance errors or simply choose not to reclaim VAT they are fully entitled to.
This crucial half-day course will clearly explain the key input tax recovery rules - helping you maximise your reclaims, while remaining compliant with the latest guidance. It will cover many areas of expenses including: business and staff entertainment, subsistence, cars and fuel, phones, general expenses and much more.
Using HMRC internal manuals, practical scenarios and recent case law, you will leave the session with a clear understanding of how VAT officers are interpreting the rules. It will ensure you know exactly what can and cannot be reclaimed and help you avoid the common errors businesses make when completing their VAT returns.
Note: This course does not cover international transactions of goods and services
Feedback for this course
What will you learn?
- What is input tax and how can it be reclaimed?
- What records need to be kept for evidence?
- Company expense policies and authorisation procedures
- Who is “an employee”?
- Dealing with specific blocked and reclaimable expenses
- Business entertainment
- Staff entertainment
- Subsistence - hotels, meals and travel
- Cars, fuel and electric vehicles
- Expenses relating to homeworking
- Phones and internet
- Leases
- Employee rewards, perks and gifts
- Disbursements and recharges
- Accountancy, legal expenses and other professional fees
- Relocation costs
- The impact on different roles
- General employee expenses
- Self-employed contractors and labourers
- Directors and business owners expenses
- Overseas staff and customers
Who should attend?
- Anyone responsible for ensuring VAT compliance in the organisation
- Everyone responsible for approving expense claims
- Anyone responsible for internal controls and developing company expense claim policies
- Anyone looking for an update on how recent changes to the administration of VAT affects them
Extra benefits
- A course pack containing the information presented on the day
- A certificate of attendance
Course presenters
Kevin Guy
View testimonialsKevin, a Chartered Accountant, has been presenting for UK Training for over 20 years and also has his own successful accountancy practice. He delivers Tax and Finance courses at public venues across the UK, in-house and live online.
His vast knowledge and experience in a variety of subject areas means he can readily help attendees understand challenging issues in a clear and logical way.
- We currently do not have any upcoming dates for this course. Please contact us if you would like to be informed when new dates are added or would like to discuss our in-house options
If you would like to make an enquiry simply fill in the quick contact form below and a member of our team will be in touch shortly.
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