Learning Outcomes

In this free course, you will learn how to:

• Outline the fundamentals of value-added tax
• Explain the procedures used to compute VAT liability
• Recall various tax-related obligations
• Describe the registration of company branches and groupings
• Identify the history of the VAT rate and highlight current VAT rates in the UK
• Discuss the ‘reverse charge’ system
• Outline the procedure for paying a VAT bill
• Discuss the purpose of VAT visits and audits
• Lay out the UK's VAT-related violations and penalties