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Accounting for VAT
Accounting for VAT
Accounting for VAT
VAT is here!

A critical success factor for the VAT implementation will be upskilling yourself and your workforce with the right knowledge and skill-set in the coming months.

With this in mind, PwC’s Academy, the education and training business of PwC, has designed a suite of fit-for-purpose VAT courses that cover the fundamentals of the new VAT legislation, it’s impact on business and the technical and financial acumen required to manage this change.

We offer VAT courses in UAE, KSA and Qatar and these can be customised for in-house training across the GCC.

1 Day
CPE credits
CPE credits
e-learning modules available
modules available
Accounting for VAT

In order to implement VAT across an organisation, it is essential that the finance team understands the principle rules of accounting for VAT.

In this course delegates will learn about the documentation required for both outputs (sales) and inputs (purchases and expenses)of the business, as well as procedures and controls that may be implemented to ensure the accuracy of the VAT accounts and records.

Accounting for VAT

PwC has a proven track record of helping solve tomorrow’s problems today and at the heart of that is our belief in the importance of training. We aim to equip you with the knowledge and skills to embrace the many challenges of this new regime.

Our global network of expert professionals bring their knowledge and practical experience, gained from working within leading organisations, including many in jurisdictions with established VAT systems, into the classroom to give an insight into the commercial and practical realities of working with VAT.

It is of vital importance to prepare early. Our award winning Academy has a proven track record in finance and business training, and 100% pass rates* in our tax professional qualifications, so we can support our client’s business and people in preparation for January 2018, and beyond.

Practical learning. Using practical examples, quizzes and case studies, and supplemented by e-learning support tools, our courses enhance the learning experience and help improve retention and on-the-job application.

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Accounting for VAT

This course is suitable for finance managers and financial controllers who need in-depth understanding of how the introduction of VAT will impact the operations of the finance department.

In order to minimise the cost of VAT to a business a clear understanding of when a credit for input VAT may be taken is critical:

  • When can input VAT can be deducted
  • What evidence or documentation is required in order to deduct input VAT
  • How much input VAT can be deducted
  • What input VAT is not deductible
  • Partial exemption: when should an organisation apply proportional deduction.
  • Limitation and exceptions to the right to deduct input VAT on specific expenses (director expenses, employees expenses, car expenses, business entertainment, rental, self supplies and change of use)
  • Rates of VAT (standard rate, zero rate, exemption, outside of scope)
  • How to calculate VAT on a VATable transaction
  • Valuation of a transaction for VAT purposes
  • When must VAT be accounted for (sale, return, export, bad debt relief, supplies to employees, deemed supplies)
  • What are the invoicing procedures
    • Special circumstances (electronic invoice,discounts, credit/debit notes)
  • Special cases: credit notes, bad debts, deemed supplies and self supplies

We have the following discount options available:

  • 5%* Early Bird discount for registrations completed one month before session date
  • 10%* Professional Body member discount
  • 10%* Corporate discount
  • 15%* Group discount for a minimum of 3 participants 
  • 20%* Group discount for a minimum of 5 participants
  • The discounts cannot be combined.
*Terms and conditions apply
Want to run this in-house?
Course structure

VAT in the accounting system

What is a VAT invoice, and when is a VAT invoice required

  • Which transactions require VAT invoices (and which do not)
  • What does a VAT invoice look like
  • What information must the VAT invoice include

Who is responsible for raising VAT invoices

What are the accounting entries to record VAT

Policies, procedures, controls and authorisations, to improve the accuracy of accounting for VAT

Preparing the VAT return from the accounting records

Supporting reconciliations and documentation for the return

What VAT records must be maintained


There are no scheduled dates for this course. Fill out the form to check future dates or deliver the course in-house

Frequently asked questions

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