"Practical VAT Return training by Future Connect Training is provided on Sage as part of practical accounting training including bookkeeping and submission to HMRC portals."
Do you know how to perform a VAT return and when and how VAT is obligatory? Join the VAT Return training course; this course will assure that you have a profound understanding of the fundamentals of VAT to applies in businesses.
VAT Training – Preparation and Submission
Principles of how to prepare and submit VAT Return can support you to stand out of the crowd of job applicants. Further, if you are operating a business or thinking of running a business, the vat preparation course will assist you to understand the concerns relating to vat more clearly and serve process VAT Return more precisely and efficiently. Our VAT Training programs are available CPD Training for accountants and joining this course can give you a more accurate understanding of how to apply a VAT return correctly.
What is the VAT Return?
Nearly every business must present VAT Return. VAT Return includes Output VAT and Input VAT information to be forwarded to Taxman (HMRC). By the VAT return, HMRC understands precisely how much the business owes to HMRC.
Furthermore, HMRC can pay back any VAT amount overcompensated, which only can be determined by through an accurate VAT return.
How to do VAT Return?
Firstly, businesses require to register with HMRC before they can prepare a VAT Return. Companies must fulfil the guidelines to become VAT registered and to receive a VAT Registration no. Once the business is enrolled, they can then regularly submit the VAT return using detailed VAT forms. There are many VAT Schemes available in common. There are some specific VAT schemes available only to industries.
CPD Training for Accountants
This program is an acceptable CPD training for accountants or other finance professional. Achievement of this course will empower you to claim 6 hours for CPD purpose. Many auditors, finance professionals and other experts are required to maintain CPD throughout their profession.
VAT Training Course Content
- Understanding VAT Principles
- Analysis of different VAT Scheme
- Preparing VAT in Spreadsheet
- Reconciliation of VAT
- Completing a VAT return
- Import and Export VAT report
- Counting VAT for a business with mixed zero-rated and standard-rated sales, using Spreadsheet
- Introduction of TOMS (Tour Operator Margin Scheme)
- Submission Steps of VAT Return to HMRC
- Introduction to Making Tax Digital(VAT) scheme
Who should attend VAT training?
All accountants and others who need an updated knowledge of the main principles and rules, to apply tax in businesses. But, who do not require specialist knowledge. It will be especially useful for those who have not dealt with value-added tax for a few years but are walking back into the field and need a refresher.
What will you gain?
- Knowledge of the fundamentals of the UK value-added tax gained
- An opportunity to update yourself on recent developments
- Illustrations of typical problem areas and outlining opportunities
How VAT Training Courses help you?
- VAT Training can encourage you to a multitude of job applicants. Besides, if you are considering running a business, a VAT training program can assist you to more precisely understand the concerns relating to VAT and support process VAT returns more efficiently and correctly. Our VAT Training studies are available CPD Training for accountants and serving this course can give you a more accurate understanding of how to do a VAT return precisely.
- It is an amazingly complex field that is usually time-consuming to work out. Still, with training from The VAT People, you can prove you and your team have the required knowledge to calculate your payments with ease.
- We implement VAT training education for our own IT software, mostly in the UK, but sometimes particularly for our clients abroad.
- The VAT training course includes most of the aspects of VAT applied in the accountancy procedures used on a regular base within most companies and organisations.
- The VAT training teaches our trainees how the VAT rules and regulations practised in the maintenance and preparation of bookkeeping reports.
- VAT training highlights the importance of completing VAT returns accurately.
- We describe when a company charges output VAT, and when the business is approved to recover input VAT.
- The quality of our VAT Training:
- Our VAT Training course uses situations which demonstrate how to deal with VAT on an international basis. There are supplementary VAT Rules for cross-border activities and international services. Our workshops focus on the complex VAT treatment related to foreign assistance.
- On achievement of our VAT training course you will have:
- Knowledge and working experience using computerised bookkeeping and payroll packages such as Sage, Sage Payroll, IRIS, QuickBooks, VT or TAS
- Skill using MS Excel spreadsheets.
Classes Availability
We run many classes on VAT Training programs during the year due to expanded demand, communicate with our course adviser to find more on our following intake of Tax courses in the UK.
Why study VAT Return training with Future Connect?
Future Connect Training centre is an award-winning training provider with experienced educators who provide the best individual tax training and leadership. We give useful guidance on Tax return utilising for real businesses also supports doing CV formation, mock interview, and Job-hunting support.
Advantages of registering Future Connect Training centre:
- Hand-picked Industry Certified Instructors
- 24/7 Exceptional Learner Support to accomplish your practice and career goals
- Provides detailed education material
- Offers Exam preparation kit
- OnDemand Software Training
- 24/7 online access to VLC (Virtual Learning Campus)
- Free e-portfolio to understand the current performance and training findings combined into academic subjects of ACCA
- A dedicated e-portfolio to register your training at our West, East, North London, and Birmingham branches
- Helps with Exam booking service
- Support to establish a work placement, which will drive you a real-time experience to work in the industry.
- Adaptable payment options (Debit card, Credit card, PayPal, Cash, and Bank Transfer)
VAT Training Fees
This program allowed as classroom-based or online Live based. Lastly, please get in touch to get the course charges and whether you qualify for the course by asking on 0203 7908674 or fill out the “Get Course Information Kit” application within this page. One of our specialist education advisers will reach back to you within one working day.
This program could be Free when you schedule Total Taxation Training or Total Accounting Education Package.