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An Introduction to VAT

This webinar will help Argyll and Bute businesses understand what is involved in becoming VAT registered.

What to expect from this webinar

VAT is a complex area that catches a lot of businesses out. This webinar will cover the key basics of what is involved in being VAT registered.

The webinar will include;

  • VAT registration – when (VAT threshold) and how to register
  • When to register voluntarily
  • Rates of VAT
  • Key VAT definitions (input/output VAT, taxable supplies etc)
  • VAT accounting schemes
  • VAT flat rate schemes
  • VAT record keeping
  • Invoicing & time of supply rules
  • Reclaiming input tax
  • Self-billing
  • Completing your VAT return
  • Software and Making Tax Digital for VAT
  • Penalties
  • Bad Debts
  • International supplies
  • Hot Topics – motor cars, entertainment expenses, gifts, hot/cold food

Attendees on this webinar will be given the opportunity to have a 1 hour one to one follow-up session with the trainer.

This session is strictly for Argyll and Bute businesses and any business based outwith this area that books on to the session will be removed.

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Essential Info

2nd November 2022

10:00 - 12:00

Argyll & Bute

Webinar

Bookkeeping & Tax.

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