VAT and Financial Services

Quorum Training - A Wilmington Company

Course summary

1 day

575 GBP excl. VAT

English

London

5.0 (1 Reviews)

Quorum Training - A Wilmington Company

Open / Scheduled

Course description

VAT and Financial Services - a 1-day training course in London

The financial services sector is wide and varied. It ranges from the Independent Financial Adviser to the major institutions. They all have to deal with this particularly complex area of VAT accurately, which is also subject to frequent change. This course examines the detail of VAT in the sector, for both primary providers and intermediaries (including partial exemption) and examines current problem areas. Updates on the progress of the numerous recent court cases in this area are included.

UK legislation is driven by EU legislation, but it is often at odds with it. How UK legislation will unwind itself from EU legislation following Brexit is still unclear, but this course will be kept live to deal with updates as they happen.

At the end of the course delegates will gain a detailed understanding of VAT in the finance sector, including:

knowledge of the VAT implications of partial exemption and use of special methods in the sector
full details of how international services are treated for VAT, and the reverse charge and
up to date knowledge of recent VAT developments in the sector.

Suitability - Who should attend?

Accountants and managers with a good grasp of VAT generally, but who are new to the financial services sector and anyone needing a refresher on the subject and to keep up to date with changes.

Outcome / Qualification etc.

CPD 6 hours

Training Course Content

The extent of the financial services exemptions for principals and intermediaries-a detailed review of the EU and UK legislation
Analysing supplies and products and determining VAT liabilities correctly
Factors that prevent exemption, and the fine lines between taxable and exempt
Improving VAT recovery-simplifications, ‘look throughs and easements’
Single and multiple supplies – the difficulties
Corporate finance
Planning for partial exemption-standard and special methods
Outsourcing
International financial services and the reverse charge
Impending changes and developments

Expenses

The price per place for this course is £575 plus VAT.

Contact Quorum Training for pricing details for running this course in-house. The price will include pre-course discussions with the trainer, supporting course materials and delivery of a practical, interactive course that meets your training needs.

About provider

Quorum Training - Business and Finance Courses for Professionals

Quorum Training provides a range of specialist courses designed specifically for business and finance professionals. Covering Accounting and Finance, Taxation, VAT, Governance, Risk and Compliance, Financial Markets and Corporate Treasury, and Charities. Quorum deliver bespoke in-house and public training programmes....

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