VAT Training Courses | Learn VAT Compliance at FC Training
VAT Courses

"VAT Courses cover all VAT schemes, HMRC submission on most important accounting software like Sage, Xero, Quickbooks."

What is VAT - Introduction and History

VAT is a consumption tax levied on the increase in the price of a product or service due to the presence of additional value. It covers virtually everything purchased and sold in the market and consumed there. Thus, items that are marketed for export or services that are supplied to consumers overseas are typically not subject to taxation. Likewise, imports are taxed to maintain the system competitive for the manufacturers so that they may compete on equal footing in the market with providers positioned outside their domain.

Two people in the early 20th century came up with the idea of Value-added Tax on their own. German businessman Wilhelm Von Siemens saw the VAT as a solution to the domino effect of issues that came from combining gross turnover taxes as well as sales taxes. The American economist Thomas S. Adams thought the value-added tax (VAT) was preferable to the corporate income tax.

The UK government joined the European Economic Community to replace the purchase tax with a value-added tax on 1st April 1973.

Why do we need to pay VAT?

VAT – is a crucial source of income for the government of the UK. A VAT is the type of tax which is charged on value-added to the base product by the business. The firm pays VAT on the additional value of the products so that the company generated revenue is not without tax paid. The VAT is one of the essential taxes for the government – after income tax and national insurance, it is the vast source of income for the government. To calculate VAT having the gross amount you should divide the total amount by one +VAT percentage (i.e. if it is 15%, then you should divide by 1.15), then subtract the total amount, multiply by -1 and round to the closest value (including Eurocents).

There are three types of VAT rates which applied to products and services.

  • Standard Rate (currently 20%)
  • Reduced Rate (now 5%)
  • Zero Rate (0%, obviously)

Advantages of VAT

The value added tax is said to benefit society in the following manner:

  • Provide a steady stream of income since they stem from consumption;
  • This will create more compelling incentives for firms to manage their expenses;
  • To promote or, at the very least, not hinder financial saving;
  • It makes it possible to generate substantial money at a relatively low tax rate;
  • Have a low learning curve;
  • Remove restrictions on exports only where necessary;
  • Support the development of a more equitable tax structure.

But, as opposed to these admirable qualities, here are a few alleged downsides;

This leads to mismanagement of funds, lack of a countercyclical balance, damage to startups and small businesses, complications in administration, and inflation stimulation.

In many cases, it would clash with the existing structure of state and municipal sales taxes, making it impossible to provide substantial export incentives.

Are VAT Courses beneficial for employees?

Many companies struggle to maintain foolproof control over their VAT systems. When accounting for value-added tax (VAT), the procedure can be lengthy and require multiple personnel from different departments due to the complexity of the laws and the fact that the structure of transactions might affect the VAT treatment, personnel from different departments work together.

Our company-specific VAT courses has several practical benefits, as mentioned below;

  • Assuring that all employees are well-equipped with the skills, experience, and assurance they need to perform their jobs successfully.
  • Reduce the likelihood of oversights leading to increased costs, accounting blunders, or fines for the company.
  • Achieving a unified method for handling VAT processes across the company.
  • Providing a useful instrument for SAO reporting processes, internal audits, and HMRC Business Risk Reviews to demonstrate rigorous controls over the VAT process.
  • Contributing to the body of evidence showing that reasonable care was taken, which may be very useful in the event of an error.

While all companies can benefit from VAT courses, those who have recently expanded their finance departments, started a new enterprise, or completed acquisitions will find it especially useful.

So, if you are already serving a firm in accountancy, upgrade your skills with our VAT courses.

The Benefits to a VAT Registered Company

  • Having your VAT registration number prominently displayed on all company papers, the website, and stationary may help you in many ways. So, this can improve people's perception of your company and make them more likely to do business with you.
  • Once your firm has VAT registered, you will be able to recoup the tax paid on all purchases. This needs to be weighed against the value-added tax that your company is paying and collecting. You may be eligible to claim a sizable amount of VAT if you have made investments in machinery, computers, and other forms of equipment. If you're lucky, the HMRC will really give you cash when it's time to file your VAT return.

So, give a boost to your company and push your employees and yourself to opt for our professional VAT courses.

Who should register a business for VAT?

The VAT is compulsory only if your business turnover is around £85000 or more.

Even if a company's turnover is less than the mentioned amount, still the company can register itself voluntarily and can take benefits.

  • The UK government charges 20 % standard VAT

However, the other three rates of VAT are as follows:

  • Reduced Rate – 5%
  • Zero Rate – 0%
  • Exempt – N/A

Who Can Enrol On VAT Courses?

  • Bookkeeping Training is best for the one who desires to be a bookkeeper it is a perfect start for your career in the accounting industry.
  • Students studying AAT, ACCA and other accounting qualifications.
  • New entrants into the Accounting sector.
  • Candidates with abroad experience.

Jobs you can apply for after VAT courses

  • Bookkeepers
  • Accounts clerks
  • VAT Managers
  • Tax Associates

Requirements for VAT courses

Bookkeeper training does not require any formal academic qualification to opt for VAT courses. So, you can join us even if you are a beginner.

Workshops included in your VAT Courses

  • Understanding the VAT Schemes
  • Intermediate Excel Skills
  • CIS computation and submissions
  • The manual Bookkeeping training workshop
  • Business Authorization and Internal controls
  • Job Awareness and CV Sessions
  • Mock Interview Sessions

Enrol with us

We are located in London, mile end, Harrow and Birmingham. Feel free to call us on 02037908674 or 01212959988. You can connect with one of our experienced consultants or arrange a web demonstration to see which VAT courses are right for your business. Email us at

Book Free Consultation or Call on 0203 790 8674

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