This course will cover VAT areas that practitioners commonly encounter when dealing with owner managed clients. The course is aimed at partners, managers and seniors who deal with OMBs in their daily work. Topics covered will include:

• Registration issues – UK and overseas
• Common output tax liability errors
• Input tax recovery on directors, staff and freelancers’ costs
• Business entertainment and subsistence issues
• Business gifts – when we can and cannot recover VAT
• Impact of private use
• Partial exemption
• Invoicing issues – sales and purchases
• Dealing with international transactions correctly
• Small business schemes
• Reporting issues
• Disclosing errors
• Minimising VAT penalties