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
The cost of the training is £210 plus VAT per Module for PSTAX Club subscribers and £250 plus VAT per Module for other delegates. There is a 10% discount for your second delegate and a 30% discount for your third.
If you book and subsequently find that you cannot attend, please email firstname.lastname@example.org.
Please confirm your bookings as soon as possible. If you wish to train more than six staff you may like to consider an in-house training course.