An Introduction to VAT for Law Firm Accounts & Finance Staff
Introduction
Aimed at those new to legal finance and compliance, this webinar will provide you with an introduction to VAT and discuss how it works within legal practice.
What You Will Learn
This webinar will cover the following:
- The basics
- What is VAT?
- Terminology
- VAT rates/types of supply
- Accounting systems
- Purchases and inputs
- Inputs and input VAT
- Recovery of input VAT
- Business and personal usage
- Sales/outputs
- Outputs and output VAT
- Valid VAT invoices and credit notes
- Accounting for output VAT
- Overseas clients
- Land relates services
- Disbursements and recharges
- What is a disbursement (HMRC’s definition)
- Disbursements - accounting options
- Recharges - accounting options
This webinar was recorded on 14th September 2023
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