VAT training is what the doctor ordered if you want to implement VAT successfully in your company whether you are involved in international supply chains, maintaining accounts for property transactions or dealing with charities and/or grant-funded organisations. The training covers by and large every VAT-related aspect including issues and opportunities for trade sector/business and AP/AR & group reporting. You may share your business needs with the VAT trainer you opt for and have them tailor your VAT training package level-wise. This will boost confidence in your staff and help them stay up-to-date with the new or amended policies and procedures and implement the same in an efficient manner. The major components you may expect in your VAT training course structure are as follows:

  • Record Keeping
  • Tax Invoice & Tax Credit Note
  • Reversal/Adjustment of Output VAT
  • Capital Asset Scheme
  • Partial VAT Exemption
  • VAT Calculation & Payment of VAT
  • Designated Zone & Its VAT Impact
  • Reverse Charge Mechanism and VAT on Imports
  • Industry-wise Impact of Zero-rated Supply of Goods & Services
  • Zero-rate Supply of Goods & Services
  • VAT Exemptions
  • Single & Mixed-use Supply
  • Profit Margin Scheme
  • Value of Supply Rules
  • Place of Supply Rules
  • VAT Registration
  • Deemed Supplies
  • Supply of Goods & Services
  • Scope of Tax
  • VAT Calculation & Payment of VAT
  • Violations & Penalties