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  • North West VAT
    Workshop Programme
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North West VAT Workshop Programme

Date: 17 September 2019
Time: 09:15 - 12:30
 
 
   
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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.

Event Summary

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

Session

Office

Date

VAT Essentials Manchester Tuesday 17 September
  Liverpool Thursday 19 September
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


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.

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

Following registration, one of our events team will contact you and send you an invoice for payment.

Location

BDO Manchester
6th Floor, 3 Hardman Street, Spinningfields
Manchester M3 3AT

BDO Liverpool
5 Temple Square, Temple Street
Liverpool, L2 5RH

Agenda

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

Register

Session summaries

VAT Essentials

This session is designed to provide an overview of the key aspects of VAT including the basics of how the tax operates and any recent developments.  Most often this session is best aimed at finance team staff looking to expand their knowledge or refresh/update themselves on an unfamiliar area of tax.

Key areas to be covered:

  • Overview of the VAT system
    • What is taxable
    • Who is registerable
  • Output tax
    • Determining the VAT liability of your supplies
    • Single v multiple supplies – apportioning VAT liability
    • Time of supply
    • Place of supply – international considerations
    • Valuation
    • Deemed supplies
  • Input tax
    • Recovering VAT
    • What evidence is needed
    • Specific areas to be considered
    • Partial exemption
    • Common errors
    • Recovering overseas VAT
  • Accounting for VAT
    • Invoices
    • VAT return preparation
    • Impact of Making Tax Digital
    • Supplementary reporting requirements
    • HMRC audit approach
    • Errors and corrections
    • Penalties
    • Other specific areas of consideration (e.g. bad debt relief)
  • Discussion of recent updates and HMRC approach

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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

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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

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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

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