VAT Treatment of Services

Course description

This VAT Training course is specifically designed for Government Depts., Colleges, Hospitals, State & Semi State Bodies, Local Authorities, Institutes of Technology, Universities, HSE, ETBs, Financial Institutions and Credit Unions.

The course covers some of the most troublesome areas of VAT legislation and VAT underpayments recovered on Revenue Audits, which are a constant cause of problems for organisations. Staff responsible for the VAT implications of such transactions, cannot be expected to handle such complicated issues without the benefit of dedicated training.

 Who should attend this course?

• Individuals working for organisations that are exempt or partially exempt from VAT, responsible for managing and preparing VAT returns
• Professionals dealing with the complexities of VAT on international transactions
• Decision-makers determining when foreign VAT is correctly chargeable on goods and services received from abroad
• Those responsible for self-accounting for Irish VAT on goods and services received from abroad
  Professionals handling VAT on intra-Community acquisitions (ICAs) and intra-Community supplies (ICSs)
• Individuals involved in supply and install contracts (fixtures or fittings)
  Anyone needing to understand how to determine the correct rate of Irish VAT chargeable on goods and services

Course content:

• VAT Supplies
• Place of Supply of Service Rules
• VAT payable on the purchase of services in Ireland
• Why organisations need to self account for Irish VAT on services received from abroad
• How and when to self account for Irish VAT on services received from abroad
• The amount on which VAT is chargeable
• When is foreign VAT correctly payable on services received from abroad
• When should a foreign supplier charge Irish VAT on services
• When not to self account even if no VAT has been charged on services
• Self accounting for VAT on construction services
• Supply and Install Contracts (Fittings and Fittings)
• Electronically supplied services
• Accounting for VAT – Cash Receipts Basis v Sales/Invoice Basis
• Annual Return of Trading Details – revised RTD Form & filing on ROS
• VAT Information Exchange System (VIES) Returns