VAT is a self-assessed tax and businesses are responsible to declare their tax correctly and
pay it in a timely manner. In the case of any errors, the business is liable to retroactively pay
the outstanding tax and additional penalties where interest may also apply.
VAT compliance is an on-going process and businesses need to ensure that they are always
abiding by the law.
In this course participants will learn how to build a plan for a VAT health check suitable for
their own business or for the businesses of their clients
This course will help participants gain hands-on experience to conduct a VAT health check for VAT registered businesses that need to be continuously managed and the ability to review their VAT compliance obligations. By the end of this course they will also understand the approach and procedure for a VAT health check and the implication of non-compliance and the significance of a VAT heath check
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.
This course is suitable for tax agents, tax consultants, tax managers and finance managers who are not just responsible for future return filing, but who are also interested in identifying the risks for the past period and ensuring that suitable remedial steps are taken to prepare the business for a smooth VAT audit.
Participants will have a clear understanding of the approach and procedure taken for a VAT health check.
Emphasis on key VAT concepts
• Place of supply
• Time of supply
• Recoverability of input tax
• Irrecoverable input tax
• Reverse charge mechanism
• Administrative aspects and challenges
Steps for a VAT health check
• Understanding the client
• Determining the scope of work
• Project timeline
• Data gathering
• Analysis of the data
• Identifying risks and concerns
• Identifying opportunities
• Suggesting remedies in areas of risks
Participants will conduct a health check for a dummy company identifying the risks and suggest suitable remedies
There are no scheduled dates for this course. Fill out the form to check future dates or deliver the course in-house