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Certified Management Accountant Course in Dubai

VAT Compliance Diploma - ATT(UK)

The VAT Compliance Diploma is an online examination designed to develop your expertise in specific areas of VAT.

The Diploma is split into four modules of learning and testing, followed by a final examination. You can work through these at your own pace.

When you have passed the final examination you will be eligible to apply for the VAT Compliance Diploma, which will demonstrate a level of competence.




Who is it for?

The VAT Compliance Diploma is ideal for anyone who works in tax, commerce or professional services or has an interest in tax and is looking for an entry-level qualification. This benefits both the employer and the individual as it ensures that staff are properly trained in VAT Compliance work.

CMA Courses in Dubai

Module A

Registration
  • Types of Registration
  • Future Test
  • Common Misconception
  • Taxable supplies
  • Deregistration
  • Exemption from registration
  • Disaggregation of business activities
Definition of supplies
  • Five Conditions
  • Goods or Services
  • Supply must be made by a Taxable Person
  • UK Supply
  • In course or furtherance of the Business
  • Taxable Supply
Liability of the supply
  • Taxable Supplies
  • Method of determining liability
  • Lower Rate (5%)
  • Outside the scope of VAT
  • Zero Rate
  • Exemptions
Deemed supplies & self-supplies
  • Deemed Supplies
  • Self-Supplies
  • How to account for deemed/self-supplies
  • Gift of goods
  • Private use of business assets
  • Non-business use of services supplied to a business
  • Motor fuel provided for private use
  • Goods held on deregistration
  • Construction services
  • Motor cars
Value of the supply
  • Consideration wholly in money
  • Consideration not wholly in money
  • Special Rules
  • Prompt Payment Discount
  • Further Points
  • Single and Multiple Supplies
Time of supply
  • Basic Tax point
  • Basic Tax point overridden
  • Deposits
  • Special Rules

Module B

Input Tax: when to recover
  • A supply of goods or services has been made
  • Supply made to the taxable person
  • Supply for business purposes
  • Claimant holds required evidence
  • Input tax was correctly charged
  • Direct and immediate link with a taxable transaction
  • Blocked input tax
Partial exemption
  • Apportionment
  • De Minimis Input VAT
  • Annual Adjustment
  • Attribution of Input Tax
  • Special Methods
  • The standard method override adjustment
VAT records & return
  • Records
  • The VAT Account
  • Special Record Keeping Requirements
  • VAT Invoices
  • Less detailed VAT Invoices
  • Electronic Invoices
  • Self billing
  • VAT Returns
Accounting for VAT
  • Payment and Repayment of VAT
  • Payment of VAT
  • Monthly payments on account
  • Due date for payments on account
  • More on POA
  • Annual Accounting
  • Annual Accounting Conditions
  • Cash Accounting
  • Receipts and Payments for Cash Accounting
  • Leaving the Cash Accounting Scheme
Bad debt relief
  • The problem
  • Conditions
  • Records required
  • Notification
  • Part Payments
HMRC powers, appeals & assessments
  • Powers to Obtain Information and Documentation
  • Inspection of Premises
  • Examination of records
  • Assessments
  • Assessment Time Limits
  • Global Assessment
  • Appeals
  • Appealable matters
  • Before an Appeal can be made
  • Procedure
Penalties
  • Penalties for Errors
  • Failure to Notify
  • Default Surcharge
  • Other Penalties, Interest and Mitigation
Refunds, repayment supplement & interest
  • Refunds
  • Refund of VAT shown on a VAT Return
  • Repayment Supplement
  • Refund of overpaid VAT
  • Protective claims
  • Interest on overpaid VAT
  • Compensation by HMRC in cases of official error (ex gratia payments)
  • Security

Module C

INTERNATIONAL ASPECTS: GOODS
  • Exports
  • Imports
  • Tackling Online Fraud in Goods
  • Goods Sold to EU Suppliers
  • Goods bought from an EU Supplier
  • Paperwork
  • Transfer of own goods to another EU Member State
  • Distance Selling
INTERNATIONAL ASPECTS: SERVICES
  • General Exceptions
  • Exceptions for Supplies to a Relevant Business Person
  • Exceptions for Supplies other than to a Relevant Business Person
  • Mini One Stop Shop
  • Reverse charge
LAND & BUILDINGS: ZERO AND REDUCED RATING
  • Construction of buildings
  • Deduction of input tax
  • Protected Buildings
  • Reduced rate supplies
  • DIY Housebuilders
LAND & BUILDINGS: EXEMPTION AND STANDARD RATING
  • The Basic Rule
  • Supplies between landlords and tenants
LAND & BUILDINGS: OPTION TO TAX
  • Real Estate Elections
  • Buildings Covered by Options of Land
  • Making an Option
  • Late Notification
  • Supplies Not Affected by the Option
  • Revocation of the Option
  • Sub-Leases
CAPITAL GOODS SCHEME
  • The operation of the scheme
  • Later Years
  • CGS Adjustments
  • Sale Adjustments
  • Lost, stolen, destroyed or expired assets
  • Restrictions
  • Dealing with Part Disposals
  • Non-Business Use

Module D

TRANSFER OF A GOING CONCERN
  • TOGC conditions
  • Deduction of related input tax
  • Transferring the VAT registration
  • Transfer of Records
  • Special rules for Land and Buildings
  • Capital Goods Scheme
  • Other points on TOGC
GROUPS
  • Conditions
  • Application for Group Registration
  • Impact of a Group Registration
  • Advantages of Group Registration
  • Disadvantages of Group Registration
  • Refusal to allow a Group Registration
  • Appeals
  • Cancellation of a VAT Group
  • Anti-Avoidance legislation
  • Holding companies
  • Divisional Registration
  • Management charges
SECOND HAND GOODS SCHEME
  • Operation of Second Hand Goods Scheme
  • Exclusions from the Scheme
  • Records
  • TOGC Acquisitions
  • Global Accounting
  • Auctioneers
THE FLAT RATE SCHEME
  • Eligibility
  • Flat Rate Percentage
  • Turnover
  • Costs
  • Records and Accounting
  • Ineligibility

RETAIL SCHEMES

  • Retail Schemes
  • Gross Takings
  • Point of Sale Scheme
  • Apportionment Scheme 1
  • Apportionment Scheme 2
  • Direct Calculation Scheme 1
  • Direct Calculation Scheme 2
  • Other Schemes

Seeking a management, financial or short course? Find the programme that meets your needs.

Making an application online is the quickest and easiest way of applying to National Academy Dubai.

Apply Online
CALL: +971 4 3349545

For more details on course structure and modules, and how you will be taught and assessed