The partial exemption calculation or, more accurately, the section 33 VAT recovery calculation is the single most important VAT issue faced by local authorities. Without careful management, the de minimis limits can be exceeded resulting in a significant cost in terms of irrecoverable VAT.

This course aims to steer the participant through the section 33 minefield and provide a practical understanding of both the process and methodology of the calculation. Each topic covered is supported by realistic mini-case studies and the day is rounded off with a major case study designed to consolidate and reinforce the learning points.

Topics that will be covered include:

• The section 33 process
• Inputs and Outputs
• Exempt Activities
• Exempt v non-business
• Methods of apportionment
• Managing exempt activities
• Capital Goods Scheme
• Change of Intention
• Managing the process throughout the year

The course would benefit:

• those with day to day responsibility for VAT management
• capital accountants
• leisure accountants
• those with senior management responsibilty for the VAT function

The course tutor is Peter Gladdish, who has considerable experience of working with local authorities of all sizes on a broad range of VAT issues. Peter is also a member of the CIPFA VAT Committee.

Duration: 1 day (09:30 - 16:30)
Cost: £275 + VAT
Cost includes course material, buffet lunch and refreshments

Contact us regarding this course.

If you wish to train more than 6 staff you may like to consider an in-house training course.