I have more tha 30 years of VAT & Customs Duty experience and offer VAT & Customs training workshops at an affordable price.
What's in it for you: You will develop a greater understanding of the complexities of VAT. Youll be more aware of areas where mistakes are made and youll find out how to avoid them. You will feel more confident in the advice you give your client or employer. And youll give a better service as a result, saving time and potentially making more money.
I am currently running workshops in Brighton but have been requested to train in the north of England and Scotland.
Yes I do have some free tips. I will think about them.
Always remember to keep a copy of your previous VAT Return because if you forget your HMRC log in details they always ask for the figure in box 5. That has to be as it appears or it will not let you in. Very frustrating.
For purchases the code is irrelevant. Just make sure there is not VAT calculated by sage when there is none charged. I would use T0 in both cases to 1 & 2.
You should only claim VAT where you have a VAT invoice from the supplier.
You may have to calculate the VAT if not shown seperately (item on till roll). The VAT fraction is 1/6th for a VAT rate of 20%.
The invoice must show the suppliers VAT number, and the date (tax point).
May I take issue with these statements, seeming to me, to be a little idealistic and dangerous to the pocket.
You should only claim VAT where you have a VAT invoice from the supplier................The invoice must show the suppliers VAT number, and the date (tax point).
My point is simply that human nature is such that, inevitably bits of paper will be lost. I have found the 'vat man' to be quite forgiving where there is supporting evidence; for example fuel on bank statement from a well known supermarket.
