VAT affects many people and businesses across the globe. Not only are the rules governing it complex, but getting it wrong can be administratively burdensome and, more importantly, costly. However, there are some invaluable VAT schemes that are available to smaller businesses. Understanding who can benefit from these, and what the conditions are, can make a massive difference to your business or clients.

This course will demystify the rules and guidelines that govern VAT so that the schemes become easier to navigate. Discover the main features and eligibility of the range of schemes including flat rate, cash accounting, annual accounting and margin.

This course will enable you to:

  • familiarise yourself with the fundamentals of VAT
  • understand how the flat rate scheme can help your business and enable you to calculate the VAT due
  • define the cash accounting scheme, and its advantages and drawbacks
  • understand the annual accounting scheme and how to make advance VAT payments
  • describe the VAT margin schemes available to small businesses.

Key information:

  • learn at your own pace
  • help meet your annual CPD requirements
  • exclusive member benefit – 10% discount
  • iPad/Android compatible.
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Helping accountants grow.

Disclaimer: This course is available for ACCA members, you may need your ACCA membership number to complete your booking. This course and outline is provided by a third-party course provider. All course bookings are subject to the terms and conditions set by the course provider. Please see individual supplier pages for full terms and conditions. ACCA takes no liability for bookings made with third-party suppliers.