Essentials of UK VAT
Gain a solid understanding of the fundamentals of UK value-added tax (VAT) and your responsibilities when dealing with VAT in business with the Essentials of UK VAT course. This course covers everything you need to know, from choosing a VAT scheme that’s right for you, to understanding VAT rates and corporation tax. You’ll also develop the practical knowledge to avoid common pitfalls if you’re a small business owner.
Essentials of UK VAT
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Intermediate
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6 hours, 39 minutes
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Overview of Essentials of UK VAT
Gain a solid understanding of the fundamentals of UK value-added tax (VAT) and your responsibilities when dealing with VAT in business with the Essentials of UK VAT course. This course covers everything you need to know, from choosing a VAT scheme that’s right for you, to understanding VAT rates and corporation tax. You’ll also develop the practical knowledge to avoid common pitfalls if you’re a small business owner.
With the EU on everyone’s lips, this certification also covers the tax implications of Brexit and how businesses may be affected. Enrol today and learn how to calculate your VAT return, comply with tax laws and much more. This course has no entry requirements, and learners of all academic backgrounds can enrol.
Highlights of The Essentials of UK VAT:
- Familiarise with the VAT return process
- Learn how to calculate output and input VAT
- Understand the requirements for reclaiming input tax
- Discover the benefits and drawbacks of self-billing
- Develop your understanding of the rules for VAT invoicing
- Get step-by-step guidance on how to register a group
- Gain a solid understanding of taxable supplies & the VAT threshold
Essentials of UK VAT Course design
The course is delivered through our online learning platform, accessible through any internet-connected device. There are no formal deadlines or teaching schedules, meaning you are free to study the course at your own pace.
You are taught through a combination of
- Video lessons
- Online study materials
- Mock exams
- Multiple-choice assessment
Who is this Essentials of UK VAT course for?
This course is suitable for anyone who wishes to gain a better understanding of the UK tax system and VAT legislation and regulations. This course is particularly beneficial for those who want to learn how to deal with VAT correctly within their company or organisation.
Why study this Essentials of UK VAT course
Whether you’re an existing practitioner or aspiring professional, this course will enhance your expertise and boost your CV with key skills and an accredited qualification attesting to your knowledge.
The Essentials of UK VAT is open to all, with no formal entry requirements. All you need is a passion for learning, a good understanding of the English language, numeracy and IT, and to be over the age of 16.
How is the Essentials of UK VAT course assessed?
To successfully complete the course you must pass an automated, multiple-choice assessment. The assessment is delivered through our online learning platform. You will receive the results of your assessment immediately upon completion.
Certification
After completing this course's assessment, you will be eligible for:
- A CPD QS accredited Certificate from One Education.
The CPD QS accredited certificate is available in PDF format, at the cost of £9, or a hard copy can be sent to you via post, at the cost of £15.
Career path
This course will improve your efficiency in managing tax in a business setting and help you to avoid making unnecessary mistakes which can result in being penalised by HMRC. Career opportunities in this field include:
- Tax Assistant
- Senior Accountant
- Tax Analyst
- Tax Advisor
Course Curriculum
| Module 01: Understanding VAT | |||
| Understanding VAT | 00:33:00 | ||
| Module 02: VAT Terminology and Calculation | |||
| VAT Terminology and Calculation | 00:33:00 | ||
| Module 03: VAT Taxable Persons | |||
| VAT Taxable Persons | 00:41:00 | ||
| Module 04: VAT Registration | |||
| VAT Registration | 00:35:00 | ||
| Module 05: VAT Rates | |||
| VAT Rates | 00:28:00 | ||
| Module 06: Invoicing and Records | |||
| Invoicing and Records | 00:26:00 | ||
| Module 07: VAT Application in Goods, Services and Vehicles | |||
| VAT Application in Goods, Services and Vehicles | 00:27:00 | ||
| Module 08: Supply | |||
| Supply | 00:37:00 | ||
| Module 09: The VAT Return | |||
| The VAT Return | 00:23:00 | ||
| Module 10: Tips on VAT Compliance | |||
| Tips on VAT Compliance | 00:20:00 | ||
| Module 11: VAT Exemptions and Zero-Rated VAT | |||
| VAT Exemptions and Zero-Rated VAT | 00:34:00 | ||
| Module 12: Miscellaneous VAT Issues and Penalties | |||
| Miscellaneous VAT Issues and Penalties | 00:38:00 | ||
| Module 13: Making Tax Digital | |||
| Making Tax Digital | 00:24:00 | ||
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