The Essential Guide to Partial Exemption
Classroom: £329 +VAT per person
If your business is involved in making both taxable and exempt supplies then you need to understand the complex rules around partial exemption. This course provides an in-depth understanding of partial exemption, building on key principles and providing a good grounding in the mechanics of partial exemption.
The course will help you determine exactly what VAT your business can recover under the partial exemption rules, helping you to understand how partial exemption can affect your business in terms of VAT recovery and common pitfalls. It offers practical advice and understanding on the differences between the standard method and special methods.
The course also explains some of the more complicated areas including the capital goods scheme, direct attribution, apportionment, change of use/intention and “first use” principle. There are a number of “worked examples” used to clearly show how partial exemption and the capital goods scheme works in practice and also reference to recent case law.
“The presenter had vast knowledge and experience dealing with VAT matters. He was willing to answer individual questions relating to various companies and scenarios.”
“Thought the examples were perfect and the exercises really helped to solidify my understanding.”
“The explanations were very clear and the presenter made sure we understood everything before moving on to the next section.”
“Really good mixture of theory, practical advice and tips... plus examples for context.”
“Great tutor... very informative, with useful reference material. Thank you.”
“There was plenty of material in the course, delivered in an informative and intelligent way. Well worth attending.”
This course is a complete guide and explains everything you need to know about partial exemption and related topics, including:
Tim has been working in VAT for over 20 years, and is currently a VAT specialist at the University of Leeds. Before that, he was a senior VAT trainer within HMRC for a number of years. Tim has also written numerous training manuals on a wide spectrum of technical issues. He enjoys taking difficult technical points and expressing them in language that people can understand.
Eric is an independent Chartered Tax Adviser (CTA/AIIT qualified) specialising in indirect tax and with over 25 years’ experience of VAT. He worked in several senior roles at HMRC before joining Ernst & Young as an Indirect Tax Manager. He later became the Director of VAT and Indirect Taxes at Campbell Dallas. Eric now works as an independent consultant, where he draws on his considerable experience in practice and at HMRC to help businesses of all sizes deal with complicated VAT issues.