Accounting for VAT “Value Added Tax”

VAT is an indirect tax applied upon the consumption of most goods and services. VAT is levied by VAT registered businesses which make supplies of goods and services in the course or furtherance of their business. VAT will also apply on the importation of goods.

VAT is levied at each stage in the supply chain and is collected by businesses on behalf of the Government. VAT is ultimately incurred and paid by the end consumer.

Corporate Tax and legal managers, Finance and Accounts Managers, Supply Chain Managers, Project Managers, Change Managers, Marketing and Sales Managers

IKL Certificate

• Introduction
• What is VAT?
• How does VAT work?
• Different types of VAT supplies
• Compliance requirements under VAT
• VAT implementation considerations
• Business considerations
• Specific industry considerations
• Frequently asked questions on VAT implementation

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