Learn the fundamental ideas and concepts behind VAT, as well as how the tax functions both domestically and globally. Enroll right away in our Introduction to VAT course.
The foundations of value-added taxes are covered in this course. As a result, no extensive knowledge of VAT is needed because the course will progress from the very fundamentals to some of the more complicated concerns. The course examines the UK VAT system as well as some recent changes in states that have implemented value-added taxes. Although this course is appropriate for working professionals, it also makes a great resource for supplementary study.
After completing the course, students will be able to:
- Recognise the fundamental elements of VAT and the UK laws that govern it.
- Discover the terms and formulas used in VAT.
- Understand the operation of VAT rates and registration in business models.
- Understand how to keep and maintain proper company records and billing
- Learn how to submit a VAT return properly and quickly settle unpaid VAT invoices.
Assessment and Certification
At the end of the course, you will be required to sit for an online multiple-choice test. Your test will be assessed automatically and immediately so that you will instantly know whether you have been successful. After you have successfully passed the final exam, you will be able to order an Accredited Certificate of Achievement at an additional cost of £19 for a PDF copy and £29 for an original print copy sent to you by post or for both £39.
The introduction to VAT training will equip you with the skills you need to be more effective in your role. In the UK today, salaries for positions requiring a comparable level of experience might range from £35,000 to £1,30,000 annually. It would be advantageous for any profession in the connected industries, such as:
- VAT Manager.
- VAT Specialist.
- VAT Director.
- VAT Accountant.
- 1 year
- Course Certificate
- Number of Units13
- Number of Quizzes0
- 6 hours, 39 minutes Gift this course
|Module 01: Understanding VAT|
|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|
|Module 05: VAT Rates|
|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|
|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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