Event Date
June 19, 2024
Event Cost
£65.00
Event Time
12:00 - 14:00
Location
Webinar
Webinar
To register for the waiting list, please email Info@scis.org.uk
Cancellation and refund policy
- Cancellations must be advised by email 5 working days prior to the event.
- A refund will not be granted if a registrant fails to attend or cancels within 5 working days prior to the event.
- We welcome substitute delegates attending in your place at no additional cost.
- Cancellations for residential courses must be advised 6 weeks prior to the event.
Event Description
Bursars, Finance Staff
We are pleased to welcome CT (formerly Chiene + Tait) to deliver Basic VAT training for SCIS.
The session is aimed at preparing Bursars and finance teams on what to consider and expect if they need to become VAT registered as a result of potential changes to the VAT rules on education.
The following will be covered during this session:
VAT Registration Process
- How to register
- Timing issues
Invoicing
- What is required on a tax invoice?
- Do we need to issue invoices?
VAT returns
- How often are these submitted?
- How is VAT calculated?
- Making Tax Digital (“MTD”) Software Requirements
VAT Treatment of Income - basic
- Do we charge VAT on everything?
Tax Points
- When do we account for VAT (payment, invoice, start of term)?
VAT Recovery
- What expenditure can we recover VAT on?
VAT Payments to HMRC
- When do payments have to be made to HMRC?
Q&A
- Any questions you may have
There will be a further 'Advanced VAT' session on the 24th June. Please register for this event separately.
***Webinar joining link will be sent 24 hours in advance***