Output VAT is the value added tax you charge on your own sales of goods and services both to other businesses and to ordinary consumers. When your business is registered for VAT, you need to add VAT to each VAT-able item on each of your sales invoices. This course focuses on when VAT must be charged, under which circumstances as well as the timing of the charge.

• Timing and the value of supply – when VAT is triggered
• The dreaded Pro-Forma Invoice
• VAT number pending - What now?
• When to charge Zero Rate and NOT Standard Rate
• Exempt Sales – how the purchase is dealt with
• Some Adjustments – for example Bad Debts Recovered

All Included:

• Video presented course
• Downloadable course material
• Certificate of training
• Optional assessment
• SAIT Accredited - 0.5 verifiable CPD point