Introduction to VAT - FREE!*

This course is for clerks/RFOs, employees in finance and councillors. The course explains how VAT rules affect local councils, whether they are VAT registered or reclaim VAT using Form 126. It's particularly important for councils contemplating major building projects.

Please note: this course is Optional in the CDF but it should be considered Intermediate for councillors on Finance Committees.

 

Topics include:
• how VAT law applies to local councils
• where to find the law and guidance
• what are business and non-business activities
• understanding whether sales are taxable or exempt from VAT
• when a council must register for VAT
• when VAT can be reclaimed
• partial exemption
• reclaiming VAT when using grants and donations

By the end of this session you will:
• Know where to find the relevant legislation and guidance
• Understand the key concepts of VAT
• Know when a council can or can’t reclaim VAT
• Recognise when a council must register for VAT
• Be aware of activities that require special attention

On the day