Description

Understand the main mechanisms of VAT. Master the latest VAT reforms: the new deductibility rules and the 2010 VAT Package on intra- and extra-community services. Know how to complete a VAT return and identify recovery risks.

Who is this training for ?

For whom ?

Anyone wishing to master the practical mechanisms of VAT in business.

Prerequisites

Training objectives

Identify the fields of application of VAT

Master the rules of territoriality of VAT

Apply the mechanisms of declaration and deductibility of VAT

Record the VAT declaration in accounting

Training program

• Scope of VAT
  • Transactions taxable by nature, by determination of the law and by option.
  • Transactions outside the scope and exempt.
  • The principle of determining VAT disburse.
  • Specific VAT regimes.
  • Self-delivery.
  • Used goods.
  • New VAT regime real estate VAT.
  • Case study Determine whether VAT is imposed.
• VAT payable
  • The VAT tax base.
  • The chargeable event and the chargeability of VAT.
  • The option for VAT on debits.
  • The VAT rate: normal rate and reduced rate.
  • Exercise: Carry out a CA3 with cases on VAT on debits and collections.
• Territoriality of VAT: deliveries of goods
  • French territory for the purposes of VAT.
  • Exports and imports.
  • Intra-community deliveries and acquisitions.
  • Purchases in tax free.
  • The declaration of exchanges of goods.
  • The accounting implications of foreign operations.
• Territoriality of VAT: provision of services
  • The service provision system: the reform applicable since January 1, 2010.
  • The concept of taxable customer.
  • Exceptions to the new principle of taxation .
  • The European Services Declaration (DES).
  • Exercise: Calculate the amount of deductible and/or collected VAT on operations involving EU countries. 'EU or non-EU and determine the operations which must be included in the DEB or DES.
• New VAT deduction system
  • The conditions for the right to deduction.
  • The deduction coefficient.
  • The provisional coefficients and final coefficients.
  • The annual and on fixed assets.
  • The implications in accounting.
  • The influence of the new system on companies liable and/or partially liable.
  • Exercise: Determine the amount of deductible VAT, calculate annual and global adjustments.
• VAT declaration and payment
  • The normal real regime: the CA3 declaration.
  • VAT credit and reimbursement request.
  • The concept of electronic declaration: thresholds and regulations.
  • Accounting recording of the VAT declaration.
  • Case study Carry out a CA3 with special cases and record the VAT declaration in the accounts.