Bills, Fees & VAT - Unravelling Compliance for Law Firms

Introduction

Presented by expert speaker Darren Whelan, this virtual classroom seminar will explain what the solicitors’ bills rules are and why they are important when it comes to the recoverability of the fees, recharges and disbursements claimed in bills.

He will look at billing procedures and processes, ensuring that VAT is accounted for correctly and at right time.

Consideration will also be given to the different categories of bills that can be issued.

What You Will Learn

This live and interactive session will cover the following:

• Time of supply
• Basic tax point
• Actual tax point
• Extensions
• Sales/fees
• Time recording
• VAT rates
• Client’s overseas (place of ‘belonging’)
• Land related services
• Third party payers
• Indemnity basis
• VAT invoices
• Administrative aspects
• Valid VAT invoices
• Valid credit notes
• Electronic invoices (structured and unstructured formats)
• Layout
• Types of bills - solicitors’ bills rules
• Disbursements and recharges
• VAT returns
• VAT returns
• Accounting software and VAT rates
• Outputs and output VAT
• Errors and penalties

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.