The ‘Special’ VAT Schemes - Learn More Live at Your Desk

Introduction

VAT is not a ‘simple’ tax, as was proclaimed at its inception in the UK just over 50 years ago.

However, many forget that we have the opportunity, and sometimes a requirement, to operate VAT away from the ‘usual’ accruals basis.

This is a live and interactive course with every opportunity to discuss your questions.

At the end of the session, you should feel confident in using, or advising on the various schemes, and recommending them to clients where appropriate.

What You Will Learn

This virtual classroom session will cover the following:

• The Special VAT Schemes
• The Cash Accounting Scheme
• Annual Accounting
• The Flat Rate Scheme for small business
• Second hand margin scheme- cars, works of art etc.
• The Auctioneer’s Scheme
• Racehorse owners and Farmer’s Schemes
• Retail Schemes
• The One Stop Shop (OSS) for services etc
• The Tour Operator’s Margin Scheme- a brief summary
• The ‘ins and outs’
• Latest conditions and requirements for use
• The upsides and pitfalls
• Record keeping and invoice requirements for each of the Schemes

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.