Partial exemptions
Gain a clear, practical view of VAT partial exemptions with this flexible, interactive e-learning course. It’s part of our technical skills (VAT) series which can be purchased as a discounted bundle.
AAT professional members:
This course is included within your CPD e-learning benefits via the AAT Lifelong Learning Portal. Please log in to access rather than purchasing.
Course Type
E-learning
Length
10 - 30 mins
What you’ll achieve
- Differentiate between zero rated income and VAT exempt income and recognise why the distinction matters
- Apply the principles for correctly attributing expenditure for VAT purposes
- Understand what the standard partial exemption method is and explain how it interacts with de minimis limits, supported by worked calculations
About this course
In today’s high‑stakes compliance environment, partial exemption is not an area for approximation. Tackle partial exemptions with confidence through this engaging, self-paced online course. Using interactive content and practical examples, you’ll learn why income classification matters, how to attribute costs correctly, and how the standard partial exemption method works alongside de minimis limits – making it an essential module for finance teams.
- looking to upskill by brushing up on your knowledge of technical skills such as VAT
- working in finance and need to differentiate between zero rated income and VAT exempt income, and recognise why the distinction matters
- hoping to understand what the standard partial exemption method is and explain how it interacts with de minimis limits
- a finance professional needing to attribute expenditure for VAT purposes.
Overview
E-learning |
|
10 - 30 mins |
|
Tax, VAT |
Syllabus
- Partly Exempt Businesses
- Attribution
- Apportionment of residual input tax
- De Minimis limits
- Annual adjustment
- Knowledge check to ensure participants have engaged with the course material
How to access
Once purchased you will be able to access the AAT Learning Portal where you'll have 12 months from the date you access the learning materials. AAT Learning Portal allows you to view all the courses you’ve purchased in one place, monitor your latest training activity and create goals to help you achieve your training aims.
