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  • North West VAT Workshop Programme Register

North West VAT Workshop Programme

Date: 15 October 2019
Time: 09:30 - 13:00
BDO LLP
3 Hardman Street
Manchester  M3 3AT
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Jo Brady
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  • Summary

At BDO, we have developed a series of VAT workshops to help your organisation proactively manage its VAT accounting. The sessions are targeted at non-VAT specialists ranging from key members of the finance team to in-house tax managers in the North West region.

A combination of organisations focusing on their tax compliance procedures and HMRC taking a more proactive approach to raising tax revenue means that training for you and your team on key areas of tax risk is more important than ever before. In this environment, ensuring your teams understand both the risks and potential opportunities available in respect of VAT are essential.

In our VAT workshop sessions we will deliver training on the key aspects of VAT including exercises and practical examples to reinforce learning were appropriate. The workshops are intended to be informal and interactive so that attendees are able to discuss specific issues and areas of concern.

There are four planned sessions which will be held in our North West offices throughout the autumn 2019. Each session starts at 9:30am and lasts c3–3½ hours followed by lunch. 

The sessions are targeted at non-VAT specialists ranging from key members of the finance team to in-house tax managers.

Each attendee will receive a pack of materials covering the content of the session to take away with them and will have the opportunity to ask specific questions of a VAT specialist who will be running the event.

Timetable

The sessions are outlined below. To read what each session covers, please click on the title or scroll to the bottom of the page.

Workshop Location Date
International VAT Manchester Tuesday 15 October
Liverpool Thursday 17 October
Land, property and construction VAT   Manchester Tuesday 12 November
Liverpool Thursday 14 November
Partial exemption Manchester Tuesday 19 November
Liverpool Thursday 21 November

Agenda

Registration 9.15am
Workshop begins 9.30am
Session ends 12.30
Lunch and close

Cost

The VAT workshops are £299 plus VAT per person for each session.

Discounts for volume bookings of people and events as follows:

  • Between 2 and 4 delegates - £275 + VAT per attendee
  • Over 5 delegates - £249 + VAT per attendee
  • Attendance at 2-3 events - £275 + VAT per event
  • Attendance at all 4 events - £1,000 + VAT

Event Summary

International VAT

Whatever happens after Brexit, one thing is certain – UK businesses will have to work smarter and harder internationally.  Compliance with international trading obligations is also a current hot topic for HMRC officers to review as part of the compliance process.  This session therefore aims to cover the fundamental principles and specific VAT considerations of trading cross border.  We will look at how the international VAT system operates and the practicalities of making supplies between different territories.  These sessions are best targeted at those organisations which undertake a significant amount of cross border trading whether in goods, services or both and is targeted at those who already have a general understanding of the VAT system.

Key areas to be covered:

  • Overview of international VAT system
    • General principles of tax
    • Interaction of UK and EU law
    • Existence of other indirect tax systems
  • International supplies of goods
    • General rules determining the place of supply
    • Supplies to businesses v consumers
    • Intra-EU supplies and acquisitions of goods
    • Exports and imports
    • Interaction with customs duty
    • Evidential and administrative requirements
    • Available simplifications and reliefs (e.g. call off stocks, triangulation)
  • International supplies of services
    • Business to business supplies
    • Business to consumer supplies
    • General rules determining place of supply
    • Evidential and administrative requirements
    • The reverse charge
    • Other specific considerations
  • Accounting and reporting requirements
    • Intrastat and EC Sales Lists
    • Invoicing issues
    • Managing registrations in multiple jurisdictions
  • Recovering overseas VAT incurred
    • EU VAT claims
    • Non-EU VAT claims
  • Future developments and HMRC approach

Land, property and construction VAT

This course explores the complicated VAT issues associated with land, property and construction and is aimed at those working predominantly in these sectors, most likely in more senior roles within an organisation.  This is an area of VAT that HMRC are currently investing significant resources in as they consider there to be potential non-compliance and additional tax revenue for them.  As such, anyone trading in these sectors carries an inherent risk from a VAT perspective at the present time.

Key areas to be covered:

  • Introduction to the principles of VAT on land and property
    • What is intended to be taxed
    • What kind of developments attract VAT reliefs
  • Suppliers of construction services
    • Commercial and civil engineering developments
    • Residential, equivalent and non-business/charitable developments
    • Accounting for and recovering VAT
    • Reverse charge for construction services
    • HMRC approach to sector
  • Transactions in land and property
    • Commercial and civil engineering projects
    • Residential and equivalent developments
    • Non-business/charitable developments
    • Option to tax
    • Change of intention
    • Capital Goods Scheme
    • Disposals
      • Share transactions
      • Asset transaction
    • Interaction of VAT and SDLT
  • Supplies between landlord and tenant
    • Different interests in land
    • Incentives
    • Ongoing rentals
    • Consideration on cessation/termination
  • Discussion of recent updates

Partial exemption

This workshop will explore in detail the complex area of partial exemption and is aimed at those organisations making VAT exempt supplies.  For example, this could be suppliers of financial or insurance services, healthcare and social care organisations, property businesses or betting and gaming businesses amongst others.  Given the complexity of the subject covered, the workshop is likely to appeal to more senior finance professionals within an organisation.

  • Overview of partial exemption
    • What is it and why does it matter?
    • Attribution
    • Apportionment
  • Standard method of partial exemption
    • Basics of calculation
    • What income can be excluded
    • De minimis provisions
    • Annual adjustments
    • Practical considerations to operating and recent simplifications
    • HMRC’s approach
    • Use of override
  • Special method of partial exemption
    • When they can be used
    • Types of organisation using them
    • HMRC’s approach to special methods
    • Different bases of apportionment
    • Current process of submission and approval
    • Direction
  • Other relevant issues
    • Change of intention
    • Interaction with Capital Goods Scheme
    • Anti-avoidance rules
  • Discussion of relevant updates including proposals around special methods

Register