VAT Part 1 - An Introduction to UK VAT

Quorum Training - A Wilmington Company
Course summary
Professional Training
1 day
545 GBP excl. VAT

Course description

A course by Quorum Training - part of the Wilmington Group

VAT Part 1 - An Introduction to UK VAT - a 1-day training course in London

This course covers the basics of VAT and the key rules applicable to all businesses. The course is designed to offer delegates a thorough understanding of how VAT works, whether or not to charge VAT on a supply, what VAT can be reclaimed on costs, and how and when to complete VAT returns.

The course forms a good foundation for VAT Part 2 - An Introduction to Complex Aspects and New Developments.

Suitability - Who should attend?

Anyone who is completely new to VAT, or who needs a refresher and a thorough grounding on the basics of VAT.

Outcome / Qualification etc.

CPD 6 hours

Training Course Content

How VAT works

  • The theory of VAT
  • Inputs and outputs
  • Taxable supplies
  • Rates of tax
  • Zero rates, exemptions and outside the scope transactions
  • Business and non-business income

VAT registration

  • How and when to register
  • Penalties for late registration
  • Group and divisional registration


  • What is a supply of goods or services?
  • An introduction to "deemed" supplies
  • Hire purchase and conditional sale agreements
  • Second hand goods
  • The VAT fuel scale charge

Time of supply

  • When VAT becomes due to HMRC
  • Deposits and continuous supplies

Input tax

  • When VAT can be recovered
  • Evidence required
  • The effect of making exempt or non-business supplies
  • Non-recoverable input tax
  • Recovering VAT on staff expenses

Records and accounts

  • Requirements of a VAT invoice
  • Currency invoices
  • Retailers' invoices and pro formas
  • Self billing
  • Credit and debit notes

VAT returns

  • How to complete them properly and avoid penalties
  • Annual, cash, and flat rate accounting schemes
  • How to disclose errors to HMRC
  • Penalties and interest charges for errors


The price per place for this course is £545 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.

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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 such topics as: Accounting and finance Taxation VAT Governance Risk and compliance Financial markets and corporate treasury Charities Management and leadership Courses are available...

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Contact info

Quorum Training - A Wilmington Company

5th Floor, 10 Whitechapel High Street
E1 8QS London


Average rating 4.8

Based on 5 reviews.

Antonia Jones
The course was exactly as expected and really helped my understanding.
Kim Osborne
Very well presented and very interesting.
Karen Marsh
Very well presented, good to have humour as well
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