Basic VAT Principles

Basic VAT Principles

The objective of this workshop is to equip attendees with an understanding of the basic mechanics of Value Added Tax. 

Topics covered include:

• Identification of Taxable & Exempt supplies
• Supply and Consideration
• VAT and the concept of Business
• Understanding when a VAT registration is required
• The registration process
• Output tax and Input tax
• VAT and the Not for Profit Sector
• Land and Property and the Option to Tax & Partial Exemption.

This training course is free for those who work or volunteer with voluntary, community or social enterprise (VCSE) organisations that operate in Salford.