Core Tax Annual: VAT 2013/14

How VAT works—an outline of the system; Where to find the law; When to register and deregister for VAT; VAT groups; The VAT return; So what must VAT be charged on?; Time of supply—when VAT must be paid; The value of supply rules; So what is reduced-rated?; So what is zero-rated?; So what is exempt?; Is there one supply or two?; What can a business recover input tax on?; What is a valid tax invoice?; Credit notes; Bad debt relief; What records are required?; VAT housekeeping for finance directors; How does a business keep up to date on changes in VAT?; Exports and removals of goods; Imports and acquisitions of goods; EC Sales Lists and Intrastat returns; Exports and imports of services; Partial exemption; The Capital Goods Scheme; Property; Recovery of foreign VAT: the 8th and 13th Directives; What is a business?; Agency is special; Joint ventures; The Second-hand Goods Scheme; The Retail Schemes; Annual Accounting Scheme; Cash Accounting Scheme; The Flat Rate Scheme for Small Businesses; The Flat Rate Farmers’ Scheme; The Tour Operators’ Margin Scheme; Buying or selling a business; Assessment and VAT penalties; Taking an appeal to the Tribunal.