An Introduction to VAT

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.