SOC VAT Consultants runs intermittent sector-focused training courses. Details of future courses will appear here. 

We can provide bespoke training for clients, based on your training needs. If you wish to discuss a bespoke training course, please contact us now.

Example Course  

Housing Association and VAT Course

For: Finance Directors, Controllers and Managers responsible for VAT;
Development staff budgeting for VAT on projects; and
Accountancy staff auditing housing associations.

The course is designed for any staff who should have an appreciation of how VAT works and how it affects housing associations so that they can manage and minimize VAT incurred by their organization, especially with regard to development and partial exemption where VAT is very important. The course will be interactive, dispersed with relevant quizzes and also the opportunity to raise specific issues that affect attendees’ jobs in a question and answer session.

Programme:

Refresher – how VAT works and how it affects housing associations

Treatment of income and how this affects VAT recovery
Service charges
Shared ownership
Supporting people
Care and welfare
Managing agents

Expenditure and recovery of VAT
Charitable and housing association reliefs from VAT
Invoices
partial exemption, standard and special methods of recovery
Capital Goods Scheme

Development
Overview of VAT on land and property transactions and construction services
Conversions and renovations
0%, 5% and specific housing association reliefs
Mixed development schemes - VAT treatment, opportunities and risks
Commercial units and the “option to tax”
Ways to mitigate VAT costs