Key details
- Course area
- Business and Accounts
- Student type
- Courses for 19+ students
- Course type
-
Part-time Further Education course
- Course level
-
Entry Level
Course introduction
It is no longer possible to apply/enrol for this course as there are no course dates available. Please check back later as we may be offering it again in the future.
The purpose of this short course is to ensure that students are well-equipped with the knowledge and skills necessary to effectively manage and understand Value Added Tax (VAT) within various business contexts.
Students will gain a comprehensive understanding of VAT principles, including the calculation and application of output tax in different situations, such as specific business transactions and scenarios where business and non-business use overlap. They will also learn about input tax, focusing on the processes and requirements for recovering VAT paid on goods and services.
This course will develop their skills in identifying eligible input tax credits, maintaining compliance, and handling VAT adjustments.
Additionally, students will explore the importance of proper documentation and compliance measures, preparing them for roles in business finance, professional accountancy, or further education related to tax and business management.
Learning outcomes
- VAT registration, deregistration and special schemes
- Calculating and Accounting for VAT
- Recovery of Input Tax
- Preparing, Calculating and Adjusting Information for VAT Returns
- Verifying VAT Returns
- VAT Rules on Record Keeping, Filing and Payment / Repayment, including Non-compliance Implications
Course information
College Certificate
There are no formal entry requirements but you must be aged 19+.
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