Description

In the purchasing process, the correct treatment of VAT represents an important financial and tax issue. Accounts payable plays an essential role in controlling the compliance of invoices with VAT rules and controlling the tax risk relating to VAT. This training offers an approach to VAT specifically adapted to the missions and activities carried out by employees of accounts payable departments.

Who is this training for ?

For whom ?

Accountant and accounting associate in charge of monitoring supplier accounts.

Prerequisites

None.

Training objectives

Define the VAT mechanism and delimit the fundamental rules.

Identify the nature and territoriality of the operation.

Distinguish the obligatory information on invoices according to the type of operation.

Identify and treat cases of reverse charge: intra-community acquisitions of goods and services.

Recover foreign VAT.

Training program

• Master the principles of VAT
  • The VAT mechanism.
  • The concept of taxable person.
  • Taxable operations excluded from the scope of application.
  • Deliveries of goods and services.
  • The chargeable event and liability.
  • The notion of territoriality.
• Define the general conditions for VAT deductibility
  • The formal conditions.
  • The substantive conditions.
  • The deadline conditions.
  • The deductibility date.
  • The situation of partial taxable persons.
  • VAT-free purchases.
  • Processing of erroneous invoices.
• Identify expenses excluded from the right to deduction
  • Expenses excluded from the right to deduction: staff accommodation; passenger transport; petroleum products; gifts...
  • The case of mission and reception expenses: supporting documents for travel notes costs.
• Apply the different reverse charge situations
  • Intra-community acquisitions.
  • Provision of intra-community services.
  • Mandatory information on invoices.
  • Other reverse charge situations: real estate subcontracting and import.
  • When is the reverse charge of the invoice carried out.
  • The link with the DEB and the DES.
• Recover foreign VAT Methods for recovering foreign VAT.
  • Supporting documents to be produced.
  • Recovery times.
• Account for and control VAT accounts
  • Organization of the VAT chart of accounts.
  • Controls and reconciliations with the VAT declaration.