"VAT Courses cover all VAT schemes, HMRC submission on most important accounting software like Sage, Xero, Quickbooks."
Our VAT Courses have been outlined with a perfect combination that gives trainees essential knowledge and skills associated with Value Added Tax (VAT). On completion of the VAT Training course, youwill become able to equip yourself to comply with VAT rules and understand the cash flow projections and total profits through efficient VAT management.
The popular and commonly used accounting software are Sage 50, QuickBooks and Xero, which are used by accounting professionals to record all business transactions and financial records to calculate VAT returns.
These VAT courses give theoretical knowledge and practical experiencethat helps you in running the software effectively. We provide the training with step-by-step instructions along with learning materials (written notes and video explanations).
Who is these VAT Returns Courses for?
Any accounting professional or someone who is a beginner in the accounting industry can take benefit from this course. This course help in getting up-to-date knowledge and skills that assist in developing a better understanding of the VAT rules. The course mainly benefits professionals who haven't processed VAT returns for some time and are looking to practice their accounting concepts.
VAT Courses Training Framework:
The VAT Course will start with the basic introduction of VAT and leads to advanced practices of processing VAT returns, etc.
- Detailed understanding of value-added tax VAT - What is the Value-Added Tax? And Different Types of VAT schemes
- Some fundamentals about commodities and services that are subject to taxation - What are input tax, output tax, taxable supplies, tax invoices, and other VAT terms?
- Subject to taxation
- VAT rates and exemptions for taxabvat coursesle amounts
- Distribution Center - Products
- Location of Service Provision
- The Input Tax Credit System
- Details of Value-Added Tax Administration
- Normal uses of VAT transactions.
- How to complete a VAT return.
- Fixing VAT errors.
What You Will Learn in VAT Courses:
In the end, those who do this VAT training will be able to:
- Create the company in the accounting software system.
- Explain VAT and understand how it works
- Practice and prepare to apply all procedures of VAT. You will also become able to use different VAT Schemes as per the condition.
- Prepare to process VAT Audit
- Carry your own process of VAT registration
- Draft purchase and sales invoices
- Use the charts of accounts or nominal codes
- Recording bank transactions in terms of payments and receipts
- Assign the sales and purchase invoices to correct bank statement transactions.
- Record Petty Cash transactions
- Knowing different VAT Rates and the use of tax codes used in the accounting software.
- Record refunds and bank transfer
- Perform the bank reconciliation
- Generate VAT Return
- Producing financial reports
- Submit VAT return to HMRC Working
- Practice with different VAT Schemes and how they are used with the various accounting software system.
VAT Schemes
- Flat rate scheme
- Retail Scheme
- Standard VAT Scheme
- Cash Accounting Scheme
VAT Courses are for accounting professionals ready to upgrade their skills and knowledge. These courses are perfect choices for those who want to start a career in accounting.
Software used in VAT training
We offer training on the following software.
- Xero
- Sage
- QuickBooks
- Excel spreadsheet
VAT Courses Certification
- CPD Certificate
- Accountancy Practice Certificate
- IAB Certificate
- Xero Advisor Certificate
Why VAT Courses have Become So Important?
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.
VAT is among the most important government taxes as it generates a large amount of revenue for it. The UK government is seeking to hire VAT experts to enhance its revenue generation. Therefore, VAT training has become very important for students to avail of government seats. The training provides ways to significantly process VAT transactions and balance them in a proper manner. The course becomes easier and more fun with Future Connect trainers.
Career Path
This training is ideal for the one who is looking for setting up their own business or a career in financial roles. These VAT courses will help you in joining the accounting industry in the following professions;
- Sales Ledger Clerk
- Purchase Ledger Clerk
- Bookkeeper
- VAT Manager
- Billing Clerk
- Credit Controller
- Account Receivable Clerk
- Trainee Bookkeeper
- Account Payable Clerk
- VAT Administrator
- Cash Controller
An effective training course makes you efficient in the following areas.
- Corporation taxation
- International tax and inheritance
- Personal income
- The National Insurance Program
- Estates and trusts
- Value Added Tax (VAT)
Once you become an expert, you can pursue your career as
- In house advisor
- Head of the taxation
- Custom and international trade specialist
- VAT junior manager
- VAT senior manager
- Indirect Tax Advisor
Start your VAT Courses With Future Connect
Future connect wants to deliver hands-on training in VAT so you can pursue your career without hassle. With our comprehensive VAT courses, professionals can upgrade their skills. We are focussed on practical scenarios which demonstrate how to deal with VAT on an international basis. There are additional VAT rules for cross-border transactions and international services. Our seminars focus on the complex VAT treatment related to international services.
On completion of our VAT courses, you will have:
- Knowledge and practical experience in using computerised bookkeeping and payroll packages such as Sage, Sage Payroll, IRIS, QuickBooks, VT or TAS
- Proficiency in using MS Excel spreadsheets
The VAT Return is suitable for all accountants and financial professionals to update their skills and knowledge of VAT primary rules and principles applicable to businesses.
Furthermore, our unique and comprehensive VAT training will help you in avoiding costly errors of QuickBooks.
Our locations are in London and Birmingham. Feel free to call us on 02037908674 or 01212959988 where you can speak to one of our experienced Consultants or arrange a web demonstration to see which course is right for your career or company. Feel free to email us at support@fctraining.org.