VAT update (December 2024)
AAT Masterclass: Stay compliant and confident with the latest VAT updates and insights.
Course Type
Video on demand
Length
1 day
What you’ll achieve
- Insights into crucial compliance requirements and stay current with evolving regulations
- Acquire practical knowledge to effectively advise clients on VAT matters
- Build your professional expertise in handling the intricacies of VAT.
About this course
Stay ahead of the curve as we delve into the latest changes and nuances in VAT. Our expert speaker Simone Hurst will guide you through recent updates and compliance essentials and the potential impact on finance strategies.
During the masterclass you’ll gain valuable insights on how to navigate the evolving VAT landscape with confidence, build your expertise and ensure you remain compliant.
This session is perfect for practitioners providing VAT services to clients and anyone needing to stay updated on the latest VAT regulations for their role.
Meet the Speaker(s)
Simone Hurst
Simone Hurst
Expert speaker Simone Hurst first ventured into all things VAT back in 1991 as a VAT Inspector in HM Customs and Excise and was one of the youngest ever direct entrant Officers in the UK.
Simone thrives on the intricacies of VAT and its surrealness at times and she strives to put this into plain English, practical advice.
Read moreOverview
Video on demand |
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1 day |
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VAT |
Syllabus
Session One: VAT Schemes
There aren't many schemes to simplify VAT, but in this session, we'll cover the ones that do exist. You'll learn about them and decide for yourself whether they actually make VAT easier to manage.
We’ll cover:
- Cash Accounting
- Flat Rate Scheme
- annual accounting
- simplified tests for partial exemption.
Session two: VAT update
Staying up to date with VAT can be challenging, especially when you're busy. If VAT hasn't been a focus for you recently, this session will bring you up to speed on the key changes from 2024 and the past few years.
We'll cover:
- VAT on private school fees
- claiming VAT on motor expenses (including electric vehicle charging)
- VAT treatment of vouchers
- We'll also explain the Tour Operators Margin Scheme (which applies beyond just tour operators)
- review significant VAT cases that provide practical insights.
Session three: correcting VAT errors
Made a mistake on your VAT return? This session will guide you through the correction process from start to finish.
We'll cover:
- how to identify errors
- the steps to correct errors
- limits for error correction
- how the penalty system works, including potential penalties and interest.
Expect practical, real-life examples to help clarify everything.
How to access
Once purchased you'll be able to access the AAT Learning Portal where you'll have 12 months from the date to 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.
Meet the sponsor: Xero
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Xero makes invoicing and accounting quick and easy. Join this digital showcase to find out how Xero software can help provide a digital solution to your accounting needs. Xero is a cloud-based accounting software platform for small businesses has 3.5 million subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data anytime, anywhere and on any device. Xero offers an ecosystem of over 1,000 third-party apps and 300 plus connections to banks and other financial partners. In 2020 Xero was recognised by IDC MarketScape as a leader in its worldwide SaaS and cloud-enabled small business finance and accounting applications vendor assessment. |
Join over 200,000 accountants and bookkeepers using Xero in their practice