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VAT - Partial Exemption
Classroom: £329 +VAT per person
Online: £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.”
“I 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.”
“Thank you for providing this course remotely. I started in the role a year ago and I was pleased to see that my methods of calculation were correct, based on the notes left by the previous head of finance. I found the course manageable split over two days.
Head of Finance
This course is a complete guide and explains everything you need to know about partial exemption and related topics, including:
Hilary has over 20 years of experience working in accountancy and tax. She is a qualified Chartered Certified Accountant as well as a Chartered Tax Adviser and an Associate of the Institute of Indirect Taxation.
In 2018 Hilary set up her own independent consultancy firm, providing specialist VAT advice to firms of accountants and businesses who don’t have their own in-house VAT expert. She has built up extensive technical knowledge over her years in practice and provides VAT advice on a range of topics from land & buildings to partial exemption. Hilary is passionate about VAT and regularly speaks on the subject, both to accounting professionals and to young academics who are interested in a career in tax.