National VAT Workshops2015

1 National VAT Workshops 2015

The importance of VAT trainingTraining forms an integral part of any organisation’s continuing development, both on an organisational and personal level. There is an increased focus on actively managing risk and implementing robust systems and internal controls. This in turn places a greater emphasis on individuals at all levels of an organisation to develop and broaden their skills to meet these requirements.

The VAT workshop programme has been developed as a direct response to the need for practical VAT training for non-VAT specialists who have responsibility or a role to play in their organisation’s VAT accounting obligations.

The workshops provide an informal and interactive forum in which to discuss key VAT issues facing your organisation.

This workshop offers a general overview of the UK VAT system and discussion of the issues around whether or not VAT is recoverable and when VAT should be charged. It highlights many of the potential VAT pitfalls and offers practical advice on how to deal with your VAT accounting obligations.

The workshop is ideal for accounts payable and receivable staff who may have day to day responsibility for VAT. The workshop also serves as a useful skills refresher for Company Accountants and Financial Controllers.

The workshop is intended to be informal and fully interactive. We like to encourage participants to bring specific problems and areas of concern to the workshop, as this helps with the general level of discussion and provides added value in terms of the issues that can be addressed.

Basic VATWhat we will coverIntroduction

Background to VATScope of VAT

Input taxDefinition of input taxNon-deductible input taxVAT on cars and fuelBusiness entertainment or subsistence InvoicesCredit notesThird party costsIntroduction to Partial Exemption Introduction to Capital Goods Scheme

Output taxBasic principlesValuationVAT implications of discountsBusiness giftsSamplesDeemed suppliesTime of supply — tax pointsDepositsBad debt relief

International tradeExportsImportsIntra-EC suppliesAcquisitions from EC countriesStatistical reporting requirementsPlace of supply of servicesVAT package measuresEU invoicing requirementsElectronic EU VAT refund13th Directive reclaims

Accounting for VATVAT registrationRecords and accountsSelf-billingAccruing for input taxVAT returnPayments on accountDefault surcharge regimeVAT penalty regimeVoluntary disclosures

2National VAT Workshops 2015

This workshop aims to provide an in-depth understanding of the VAT treatment of international transactions. The workshop covers the VAT and reporting implications associated with the VAT package changes implemented with effect from 1 January 2010. The workshop also covers the place of supply rules for both goods and services and discusses practical solutions to overseas registration issues and incurring local VAT in other member states.

The workshop covers the reporting obligations placed upon businesses trading with other EU member states and the VAT implications of importing and exporting goods including the scope to take advantage of the various deferment schemes.

This advanced workshop is aimed at Company Accountants, Financial Controllers, Finance Directors, or anyone who is involved in EU or worldwide supply chains and wants to build their understanding of this complicated area.

International VAT What we will coverIntroduction

Background to international VAT

Export of goodsConditionsEvidence

Import of goods VAT and duty defermentWarehousingValueSimplified import VAT accounting Input tax deduction

Intra-EC supply of goodsConditionsEvidence

Acquisition of goods from EC ScopeAccounting for acquisition VAT

Other intra-EC supply issues Consignment / call off stocks

TriangulationDistance selling

Place of supply of servicesGeneral rulesExceptions to general ruleServices in relation to landMeans of transportServices involving physical performanceAccounting for the reverse chargeElectronically supplied services and the 2015 changesMini One Stop Shop (MOSS)

Statistical reporting requirements

UK VAT refundsIntrastatEC sales lists

EU VAT refunds 13th Directive reclaims

Reclaims procedures

This workshop aims to provide a more in-depth understanding of the VAT implications associated with land and property transactions. VAT on property is recognised as one of the most complicated areas of VAT and given the size of the transaction values involved, any failure to recognise the relevant issues can lead to significant liabilities.

The workshop highlights areas of exposure and deals with practical measures to ensure that the VAT implications of any proposed property transaction are covered. It has a commercial focus and should benefit any organisation with an extensive property portfolio or currently disposing or acquiring new properties.

This advanced workshop is aimed at Company Accountants, Financial Controllers, Finance Directors, or anyone who wants to increase their understanding of this complicated area of VAT.

Property VAT What we will coverIntroduction

Background to property VATGeneral principles

Commercial property

Civil engineering worksDomestic propertyRelevant purpose buildings

Relevant residential useRelevant charitable use

Protected buildingsCapital Goods Scheme

Capital items Calculation

Option to taxScope of the option to taxExclusions from the option to taxNotification/permissionRevocationReal estate electionDisapplication provisions

Stamp Duty Land Tax implications

Transfers of a going concernVAT implicationsCriteriaTransfers including propertyAnti-avoidance provisions

Supplies between landlord and tenant

PremiumsReverse premiumsSurrendersReverse surrendersAssignmentsService charges

Construction servicesDomestic propertyReduced rate provisionsProtected buildingsRelevant purpose buildingsCommercial property

3 National VAT Workshops 2015

This workshop aims to provide a more in-depth understanding of partial exemption. Building on key principles, this workshop provides a good grounding in the mechanics of partial exemption.

The workshop offers practical advice on the use of standard and special methods of partial exemption and the capital goods scheme, as well as the partial exemption anti-avoidance override provisions.

The workshop also provides practical advice and guidance on dealing with HM Revenue & Customs (HMRC).

This advanced workshop is aimed at Company Accountants, Financial Controllers, Finance Directors, or anyone who has an understanding of VAT but wants to increase their knowledge of this complicated area of VAT.

Partial exemptionWhat we will coverIntroduction

Background to partial exemptionDefinitions

AttributionDirect attributionCase lawExample scenario stage one

Apportionment Standard methodExclusionsDe Minimis provisionsExample scenario stage two

AdjustmentsAnnual adjustmentStandard method overrideExample scenario stage three

Change of use provisionsPaybackClawback

Special methodsCommon examplesSectorised methodsApproval by HMRCDirection by HMRCSpecial method override provisions

Capital Goods schemeCapital itemsAdjustment periods/calculationInteraction with TOGC rulesExample scenario stage four

The Local Authorities workshop aims to cater for the specific needs and address the unique VAT issues faced by Local Authorities.

The workshop focuses on the main areas affecting Local Authorities such as section 33 activities, partnership arrangements, partial exemption, capital projects and property issues. These areas of VAT are recognised as some of the most complicated areas of VAT and given the size of the transaction values involved, any failure to recognise the relevant issues can lead to significant liabilities.

This workshop is aimed at Tax Managers, Financial Controllers, Finance Directors or anyone who wants to improve their understanding of this complicated area.

Local Authorities What we will coverIntroduction

Categories of transactions — 20%, 5%, 0%, exempt, outside the scope

VAT on expenditure — input VAT

Recovery of VAT incurred and special cases

VAT on income — output VATIncome liable to VAT and the rates of VAT Type, place and value of supply Tax points and VAT invoicing

Accounting for VATVAT returns and records and accountsDefault Surcharge Regime, VAT penalty regime and voluntary disclosures

VAT and Local AuthoritiesCategories of VAT transactions — business/non-business

Partial Exemption5% De Minimis ruleSpecial method for local authorities and the detailed calculation

Partnerships and Joint Activities

Types of partnership and the accountable body

Property Commercial propertyDomestic propertyRelevant purpose buildingsOption to taxTransfers of a going concern

EducationLocal Authority and Voluntary Aided schoolsAcademiesVAT recovery by the Local Authority

ContactAndrew Needham T: +44 191 247 2621 E: aneedham1@uk.ey.com

4National VAT Workshops 2015

We can also tailor VAT workshops to your specific business needs.

The real value of this approach is that the content is targeted directly at the issues facing your organisation.

The format of the workshop is flexible and can meet your exact requirements.

The workshops are usually provided at your premises, however, we do have the facilities to host the event if that is your preferred option.

The fee proposal is flexible and varies depending on the level of tailoring and material that needs to be prepared.

Bespoke workshopsWe have delivered workshops for clients in the following sectors:Automotive

Charity

Chemicals

Consumer products

Freight transport and Logistics

Housing Associations

Leisure and Hospitality

Manufacturing

Media and Entertainment

Oil and Gas

Passenger transport

Public Sector

Real estate

Retail

Technology

Telecommunications

5 National VAT Workshops 2015

Workshop dates and locations

Each workshop, held at the offices of Ernst & Young, commences at 9:30 a.m. and generally finishes around 1:30 p.m. This will be followed by a complimentary buffet lunch.

LocationBasic VAT

International VAT

Property VAT

Partial Exemption

Local Authorities

Aberdeen 16-Sep-15 10-Nov-15 13-Oct-15 17-Nov-15

Belfast 15-Sep-15 13-Oct-15 11-Nov-15 21-Oct-15

Birmingham 09-Sep-15 21-Oct-15 14-Oct-15 15-Sep-15 10-Nov-15

Cambridge 08-Sep-15 13-Oct-15 20-Oct-15 10-Nov-15 19-Nov-15

Glasgow 09-Sep-15 15-Oct-15 11-Nov-15 19-Nov-15 22-Oct-15

Leeds 15-Sep-15 21-Oct-15 11-Nov-15 18-Nov-15

London 16-Sep-15 24-Sep-15 14-Oct-15 10-Nov-15 13-Jul-15

Manchester 17-Sep-15 22-Oct-15 12-Nov-15 19-Nov-15 13-Oct-15

Newcastle 15-Sep-15 17-Nov-15 13-Oct-15 15-Oct-15 08-Dec-15

Reading 20-Oct-15 17-Nov-15 13-Oct-15 22-Sep-15 10-Sep-15

Price (ex VAT) £280.00 £300.00 £300.00 £300.00 £300.00

AberdeenBlenheim HouseFountainhall RoadAberdeen AB15 4DTTel: +44 12 2465 3000

BelfastBedford House16 Bedford StreetBelfast BT2 7DTTel: +44 28 9044 3500

BirminghamNo.1 Colmore SquareBirmingham B4 6HQTel: +44 12 1535 2000

CambridgeOne Cambridge Business ParkCowley RoadCambridge CB4 0WZTel: +44 12 2339 4400

GlasgowG1 Building 5 George SquareGlasgow G2 1DYTel: +44 14 1226 9000

Leeds1 Bridgewater PlaceWater LaneLeeds LS11 5QRTel: +44 11 3298 2200

LondonBecket House,1 Lambeth Palace RoadLondon SE1 7EUTel: +44 20 7951 2000

Manchester100 Barbirolli SquareManchester M2 3EYTel: +44 16 1333 3000

NewcastleCitygateSt James’ BoulevardNewcastle upon TyneNE1 4JDTel: +44 19 1247 2500

ReadingApex PlazaForbury RoadReading RG1 1YETel: +44 11 8928 1100

RegistrationContact: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Course attendees

Name Position

Event to be attended

Workshop Location Date No. of delegates

Price (incl. VAT) Sub total

Basic VAT £336.00 £

International VAT £360.00 £

Property VAT £360.00 £

Partial exemption £360.00 £

Local Authorities £360.00 £

Total £

Payment detailsRegistration will not be confirmed until payment is received. All payments must be in Pounds Sterling using one of the following methods:

► Personal or company cheque made payable to Ernst & Young LLP

► BACS/Electronic transfer to: Barclays Bank plc Name: Ernst & Young LLP Sort Code: 20-00-00 Account: 20355232

Please complete this form and return with payment to:

Mr. A Needham, Ernst & Young LLP, Citygate, St James’ Boulevard, Newcastle upon Tyne NE1 4JD

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Further informationScheduled workshops Andrew Needham T: + 44 191 247 2621 E: aneedham1@uk.ey.com

Ross Ledden T: + 44 191 269 4882 E: rledden@uk.ey.com

Hannah Shaw T: + 44 191 247 2611 E: hshaw@uk.ey.com

Bespoke workshopsAndrew Needham T: + 44 191 247 2621 E: aneedham1@uk.ey.com