• Complex Questions Explained in Practical Terms • VAT Returns • Unrecoverable VAT & Why • Postponed VAT

Approved for 3hr CPD by the IOB (Institute of Banking)

VAT remains one of the most frequently reviewed taxes by Irish Revenue, and even well-run organisations can unknowingly make costly mistakes. This course will equip attendees with the knowledge and practical tools needed to correctly apply VAT rules, meet reporting obligations and avoid common errors that lead to penalties and audits. By focusing on real Irish scenarios, current EU and post-Brexit developments, and hands-on VAT compliance, participants will gain confidence in managing VAT accurately and efficiently within their organisations.

It is ideal for those who have never undergone a structured VAT training course, or for those who wish to undergo a comprehensive refresher course.

The course will dispel many of the common misunderstandings which arise in relation to the Irish VAT System and will give you an opportunity to ask questions directly relating to you and your current systems. The value gained in this course could prove to be invaluable.

Course content

VAT Fundamentals

• Principles of the VAT system
• Taxable vs Accountable Persons
• VAT Rates in Ireland
• When are you actually entitled to be VAT Registered
• VAT Registration thresholds & special cases
• Group Registration
• VAT Rates in Ireland

Supplies & Place of Supply

• Supply of goods & Services
• Place of Supply rules
• VAT Exemptions
• Supply & Install contracts
• Section 56 Relief

VAT on Sales (Domestic & EU)

• Intra-Community Supplies of Goods
• Distance Sales & OSS
• Reverse Charge VAT (by country/region)
• Client VAT Verification (VIES Checks)
• VAT Invoices & Credit Notes

VAT on Purchases & Recovery

• Dedictible vs Non-Deductible VAT
• Unrecoverable VAT – Why Revenue disallows it
• VAT on passenger cars (incl. EVs)
• Two Thirds Rule
• Are Import duties on courier invoices reclaimable?
• Reclaiming foreign VAT

International & Post-Brexit VAT

• Imports & Exports (post-Brexit procedures)
• GB * NI Cross-border trade
• Postponed VAT accounting
• Intra-Community Acquisitions & Triangulation

VAT Compliance & Reporting

• VAT Returns (VAT3), Annual VAT return
• VAT Boxes incl. T1&T2
• ROS Postings
• VIES & Intrastat returns
• EDI
• VAT3 requirements for training (Ireland & abroad)

Risk, Audits & Public Sector

• Penalties & Revenue Interventions
• Common VAT audit Issues
• Record Keeping obligations
• Public Sector VAT & grants

Who Should Attend?

This course will be highly beneficial to Finance managers, accountants, accounts staff and staff members with responsibility for the financial and legislative obligations of their organisation.

Anyone who wishes to be pro-active in their approach to legislative and financial compliance and anyone who wishes to undergo a refresher course in the operation of the Irish VAT System.

Certification

On completion of this one-day training course, you will receive your Certificate of Attendance. Please note certificates are issued at the close of the training course to participants on completion of the course.

This course qualifies for 3 hours CPD for the Institute of Banking. If you require CPD with another awarding body or association, please check to see how many hours they will award prior to the course.

Cost

An ‘Early Bird’ discounted rate of €545 is currently available. This training course normal rate is €645. Places are limited and are allocated on a first come first served basis. PLEASE NOTE THE EARLY BIRD RATE CLOSES 3 WEEKS PRIOR TO COURSE DATE. The course cost includes all course documentation and certificate of attendance.