13 May - 14 May 2014
10:00 - 16:30
40 Gracechurch Street | London | EC3V 0BT
Building on the knowledge gained on the Foundation course, this course considers more detailed VAT issues that arise for insurance businesses in the UK and across the EU. The consequences of writing business in EU and non-EU countries are considered.
The Intermediate course also covers time and place of supply issues in more detail. Partial exemption methods are dealt with in depth, considering those which are acceptable in the UK in particular. Various other aspects of VAT are dealt with, such as bad debt relief and recovery of foreign VAT.
Penalties and interest for compliance failures are considered, using the UK as an example.