VAT Recovery – The Accountant and Bookkeeper’s guide

OBJECTIVES

Understand the conditions that must be met to reclaim VAT on costs

Improve awareness of common areas of difficulty such as entertainment, cars and expenses

Develop practical strategies for ensuring compliance with VAT recovery rules

KEY TOPICS

• Recap of key VAT principles
• The VAT recovery conditions
• Has VAT has been correctly charged?
• Are costs business expenditure?
• Whose VAT is it?
• Blocked input tax – cars and entertainment
• VAT invoices and evidence for VAT recovery
• Timing of VAT recovery
• Partial exemption basics
• Fraud risk
• Common VAT issues with expenses

WHO SHOULD ATTEND

Accountants and bookkeepers at all levels who have deal with VAT and/or VAT returns. Some exposure to VAT is assumed but key areas will all be refreshed.