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Billing within Law Firms
Length: 6 Hours
Published September 24, 2022
Last Updated on September 30, 2022
Who is this training for?
This face-to-face workshop is for Solicitors, Lawyers, Accountants, Compliance Officers, COFA’s, Legal Accounts Professionals, Legal Cashiers, Billing Teams, Credit Controllers and anyone that has any involvement in working in legal finance and compliance.
Purpose of this training?
Life is rarely straightforward and when it comes to billing, there are no exceptions. In this workshop we explain what the solicitors’ bills rules are and why they are important when it comes to the recoverability of the fees, recharges and disbursements claimed in bills. We’ll look at billing procedures and processes, ensuring that VAT is accounted for correctly and at right time in accordance with the VAT Act 1994 and Brexit. It will also look at the different categories of bills that can be issued. Don’t forget, not all bills are equal in the eyes of the law. Unfortunately, the same terminology can be used when labelling and referring to different bills, confusion and misunderstanding can arise when dealing with them, not only on the part of clients but solicitors too.
Time of Supply
- Basic Tax Point
- Actual Tax Point
- Extensions
Sales/Fees
- Time recording
- VAT rates
- Client’s overseas (Place of ‘belonging’)
- Land related services
Third Party Payers
- Indemnity basis
- VAT invoices
Administrative Aspects
- Valid VAT invoices
- Valid credit notes
- Electronic invoices (structured and unstructured formats)
- Layout
- Types of bills – solicitors’ bills rules
- Disbursements and recharges
- VAT Returns
VAT Returns
- Accounting software and VAT rates
- Outputs and Output VAT
- Errors and penalties
Practice notes and training sessions represent the Association of Legal Compliance & Accounts’ view of good practice in a particular area. They are not intended to be the only standard of good practice that firms can follow.
Practice notes and training sessions are not legal advice, and do not necessarily provide a defence to complaints of misconduct or poor service. While we have taken care to ensure that they are accurate, up to date and useful, we will not accept any legal liability in relation to them.
Frequently Asked Questions
Why Face-to-Face
Individuals have the opportunity to connect with, problem-solve, and network with others from a wide range of backgrounds that online environments usually can’t replicate. Direct interaction with the trainer is also beneficial. You may also feel more comfortable and learn more easily in a familiar, traditional classroom situation.
Face-to-Face – the Cons
It’s expensive and time consuming. Online training can be recorded and viewed over and over again, whereas face-to-face training is delivered and the learner is left to rely on their memory and notes. A classroom setting can also stifle learning by allowing dominant personalities to take the bulk of the discussion environments. Quieter individuals become limited in their communication options for exchanging ideas and information.
Our face-to-face workshops are hosted and presented within the main cities of the UK. Details on the actual venue will be provided closer to the date.
