Partial Exemption

DURATION:
1 Day
ID:
5

INSTRUCTORS:

Your Name (required)

Your Email (required)

Telephone Number (required)

Local Authority Name

Purchase Order Number

Other Requirements (dietary or accessibility)

Training Terms & Conditions:

Bookings and payment
All bookings are provisional until they have been confirmed in writing by ourselves. Confirmation will be dispatched within 7 days of the receipt of a completed booking form.   Authorities booking 3 or more places will be entitled to a 10% discount.

Payment

Invoices must be paid in full by no later than:

28 days following their date of issue.

Cancellations – Residential Course

More than 21 days : no payment due

21-8 days : 50% of course fee

7 days or less : full fee

Substitutions are permitted at any time

Cancellations – Single Day Courses

More than 15 working days : no payment due

14-7 working days : £100.00 cancellation charge

6 working days or less : full fee

Substitutions are permitted at any time

Training Materials

Training materials provided by us during the course are for the sole benefit of the course participant. They must not be photocopied, scanned, faxed or otherwise distributed without our prior written permission. All intellectual rights remain the property of LAVAT Consulting Limited.

Limitation of Liability

In the unlikely event of a course not taking place as scheduled, and for whatever reason, the financial liability of LAVAT Consulting Limited  to each participant shall be limited to the value of monies paid by that participant for attendance on the course.

The partial exemption calculation or, more accurately, the section 33 VAT recovery calculation is the single most important VAT issue faced by local authorities. Without careful management, the de minimis limits can be exceeded resulting in a significant cost in terms of irrecoverable VAT.

This course aims to steer the participant through the section 33 minefield and provide a practical understanding of both the process and methodology of the calculation. Each topic covered is supported by realistic mini-case studies and the day is rounded off with a major case study designed to consolidate and reinforce the learning points.

Topics that will be covered include:

  • The section 33 process
  • Inputs and Outputs
  • Exempt Activities
  • Exempt v non-business
  • Methods of apportionment
  • Managing exempt activities
  • Capital Goods Scheme
  • Change of Intention
  • Managing the process throughout the year

The course would benefit:

  • those with day to day responsibility for VAT management
  • capital accountants
  • leisure accountants
  • those with senior management responsibility for the VAT function

Cost: PSTAX Club Members £350 + VAT.  Non Members £375 + VAT
Cost includes course material, buffet lunch and refreshments

Please use our ‘contact us‘ tab if you require further information regarding this course.  If you wish to train more than six staff you may like to consider an in-house training course.