VAT Training - Preparation and Submission

Knowledge of how to prepare and submit VAT Return can help you to stand out from the crowd of job seekers. Moreover, if you are running a business or thinking of running a business, the VAT training course will help you to understand the issues relating to VAT more clearly and help process VAT Return more accurately and efficiently. Our VAT Training courses are eligible CPD Training for accountants and attending this course can give you a more detailed understanding of how to do VAT return correctly.

What is VAT Return?

Almost every business has to submit a VAT Return. VAT Return contains Output VAT and Input VAT information to be submitted to Taxman (HMRC). Through the VAT return HMRC knows exactly how much the business owes to HMRC.

Moreover, HMRC can pay back any VAT amount overpaid which only can be determined by through an accurate VAT return.

How to do VAT Return

Firstly, businesses need to register with HMRC before they can process a VAT Return. Businesses must fulfil the criteria to become VAT registered and to get a VAT Registration no. Once the business is registered they can then regularly submit the VAT return using specified VAT forms. There are many VAT Schemes available in general. There are some specialised VAT schemes available only for specific industries.

CPD Training for Accountants

This course is an eligible CPD training for accountants or other finance professionals. Completion of this course will allow you to claim 6 hours for CPD purposes. Many accountants, finance professionals, and other professionals are required to maintain CPD throughout their careers.

VAT Training Study Option

• Online Distance Learning – Self Study with Study Material and Access to Online Study Material through Virtual Learning Campus (VLC). Click Here to find out more about how the Distance Learning Course works.

This course could be cheaper as a bundle when you book Total Taxation Training or Total Accounting Training Package.

VAT Training Contents

• Understanding VAT Principles
• Analysis of different VAT Scheme
• Preparing VAT in Spreadsheet
• Reconciliation of VAT
• Completing a VAT return
• Import and Export VAT analysis
• Calculating VAT for a business with mixed zero-rated and standard-rated sales, using Spreadsheet
• Introduction of TOMS (Tour Operator Margin Scheme)
• Submission Steps of VAT Return to HMRC
• Introduction to Making Tax Digital(VAT) scheme

Payment Options

You may choose any of the following options to pay for your course

By Debit/Credit Card: You can pay in full on our website using the Enrol Online option. You may be eligible to claim a free Tablet PC (Eligibility Criteria Applies, Find More Here)

Flexible Payment Option: You may consider paying your fees over 6/12 equal monthly instalments/payment plan by paying an initial payment of 30% of Course Fees. The second payment will start from the 1st of the following month from the initial/first payment. The Total Amount payable under the payment plan(s) will be shown during the checkout.

Employer Funded: If your current employer is likely to fund the Course, please send us your employer details (Name, Address, email address, Telephone, and Contact Person) and we will send a Customised Course proposal to ensure a smooth enrolment experience. An invoice for the Employer can also be raised if required. (Find More Here)

If you have further questions about the course, please complete the “Get Course Information Kit” form.

On completion, you should receive an email with the course information. One of our course advisors will also be in touch to check whether you require any further support.