VAT Training Course near Merton Park

Having good knowledge about VAT and how to prepare and submit VAT returns will make you stand out of the crowd. If you want to apply in an accounting firm or running a self-employed business or are planning to do so, our course will help you understand the various terminologies and issues related to VAT more clearly and help process VAT returns more accurately and efficiently. Our CPD certified trainers provide hands on practical training to get an edge in the accounting industry.

What is a VAT Return?

Any business whose turnover is more than £85, 000 they have to register and submit VAT Return to HMRC. To understand the concept of VAT Return is Output VAT and Input VAT which the business needs to submit to the HMRC.

The different VAT schemes are

• Standard VAT scheme
• Cash VAT scheme
• Flat rate scheme
• Margin VAT scheme

VAT Returns:

When a business has reached its threshold for VAT, they have to register with HMRC before they can process a VAT return. When registering for VAT return, the company should choose the correct VAT scheme. Businesses must fulfil the criteria to become VAT registered and to get a VAT Registration number. Once the registration is completed, they can then submit the VAT return using specified VAT forms. There are many VAT Schemes available in general. There are some specialised VAT schemes available only for specific industries. This course is eligible for qualified accountants. Many, finance professionals, accountants and other professionals that are required to maintain CPD throughout their career.

Course Contents:

• Understanding VAT Principles
• Reconciliation of VAT
• Analysis of different VAT Schemes
• Completing VAT returns
• Import and Export VAT analysis
• VAT Adjustments
• VAT Calculations
• Calculating VAT for a business with mixed transactions of zero-rated sales and standard-rated sales, using Spreadsheet
• Submitting VAT Returns through software to HMRC or through the HMRC website.

Upon the completion of the course, you can confidently apply for roles such as VAT Administrator, VAT Assistant and VAT Accountant etc. We give our practical training with our integrated courses i.e. Bookkeeping Course , Payroll Course , Accounts Assistant Course , Management Accounts Course and Final Accounts Course .

At Future Connect, we offer flexible training as we are open all days of the week, which let you decide the days of your training. Classes are held in our training centres at Harrow and Finchley near the Finchley Central tube station that serves the Northern Line from Merton Park (SW19) and Wimbledon (SW20).

Contact Us

For further information, contact our expert accounting course advisors on 02037908674 or 07586 981842 to help you to take the correct decision.

You can also visit the website of the Future Connect Training.