This workshop will provide you with practitioner level knowledge of VAT within the MOD environment.
The course is suitable if you are involved in the acquisition process and have a need to understand and correctly apply VAT. This workshop is the chosen solution to upskill the department as a whole (not just for those who work in finance) on the correct application of VAT.
You will be expected to complete pre-course reading so that a basic understanding of VAT knowledge is attained before attending the course.
By the end of the course you will be able to:
*explain how VAT works in the private sector in comparison to the MOD
*understand how Contracted-Out Services (COS) VAT recovery works
*understand the main COS VAT headings that the MOD uses
*to determine what VAT codes are to be used for purchases and sales
*understand the importance of correcting VAT code errors
*explain the more complex VAT areas and the concept of collaborative buying
The course will aim to optimise your working level knowledge of VAT in 2 main areas:
*to establish true through life costings at the business case/investment appraisal stage (by identifying whether a particular project could be eligible for zero rated VAT or if a through life project may be subject to “recoverable VAT”)
*ensure the correct VAT coding is applied during the acquisition process to avoid penalties from HMRC
Please contact us for further planned dates on this course.
Military |
Pre reading will be available after successful enrolment.
Please contact us for further planned dates on this course.
Please contact us for further planned dates on this course.