Nov 2024

Thu 14

10:00 am - 1:00 pm

Virtual Event
VAT Within Law Firms
Get Tickets Free – £145.00

Dec 2024

Thu 12

10:00 am - 1:00 pm

Virtual Event
VAT Within Law Firms
Get Tickets Free – £145.00

On Demand Training Videos

As an Org Plus Plan subscriber, you have unlimited access to the On Demand training library of pre-recorded training videos. You can watch these as many times as you like at your own leisure. Questions can be posed to trainers during and after the video, with responses being provided within 2 working days. Ensure you’re logged into your account to access.

For non-subscribers and all other plan subscribers, access can be purchased separately.

Coming Soon

AML 1

Speaker: Jo Morris

Length: 1 Hour

Published July 29, 2023 Last Updated on July 29, 2023

Who is this training for?

This online workshop is for MLRO/MLCO, partners, fee earners, legal assistants and anyone that has any involvement in working in legal finance and compliance.

Purpose of this training?

According to the latest SRA Anti-Money Laundering Report released in November 2022, the SRA supervise the AML requirements of 6,408 law firms in England and Wales.

During that reporting year they undertook 163 inspections, 109 desk-based reviews and brought 140 firms from partial compliance into full compliance.

The SRA continue to grow their AML Team and plan more visits than before for the next year. Most firms are trying their hardest to get things right and stop the criminals using our firms but they are still lots of improvements to be made.

So, what happens when the SRA inform you that they want to come for a visit?

For some there may be sleepless nights but it doesn’t have to be that way. With a little knowledge and some preparation you can get through this.

Do not take it as something negative but as a chance to get an MOT and be given a clean bill of health in-line with the with the AML regulations and requirements.

This live and interactive session will cover the following:

Why have you been chosen for a visit?
What happens after that initial contact?
Which documents will the SRA ask you to produce?
What will happen on the day of the review?
What will happen after the visit?
How to get your firm and your staff prepared to make this a smooth experience

Further Information

Accounts & Finance Practice Notes

Compli-Q – Compliance FAQs

Blogs

Forum

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 Online?

All ALCA online training is delivered live, interactive and is recorded. We bridge the gap between ‘face-to-face’ and online training by applying a blended approach. Questions can be posed to trainers throughout the workshops with quizzes/polls being used to engage with attendees.

Workshops can be continuously replayed for 30 days after broadcast.

Benefits?

Reduced cost
Can be taken anywhere on any device – no travel time or cost
Shorter and more efficient than face-to-face
Live and interactive
Recorded and can be replayed at your leisure

Depending on your subscription and the length of the workshop, the pricing is as follows:

Plan	Online (1 hour)	Online (2 hours)	Online (3 hours)	On Demand	e-Learning
Non-Subscriber	£95.00	£120.00	£145.00	No Access	No Access
Org	£45.00	£90.00	£120.00	No Access	No Access
Org Plus	£0.00	£0.00	£0.00	£0.00	£0.00

Our online workshops are delivered via Zoom. You can access the session via your computer, tablet or mobile device.

We recommend you run a system test and check your internet speed by clicking HERE.

If your firm prevents you from using Zoom, please contact us.

There is no requirement to attend live but we advise that you do where you can as this will be the best experience for you. Don’t forget, you can pose questions live to the trainer and join in with the interaction when you attend live. Also, be mindful that you have access to the recording for 30 days, after which, it will no longer be available.

Not at all. We prefer it if candidates do as it makes the training more engaging but it is not mandatory to turn your camera or microphone on during the training session.

If you don’t have a microphone, you can still pose questions using the chat facility.

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Virtual Event
VAT Within Law Firms
Get Tickets Free – £145.00

Virtual Event
VAT Within Law Firms
Get Tickets Free – £145.00

On Demand Training Videos

Results

#1. You pay the firm's practising certificates from the business account.

When posting the transaction, What VAT rate should you select when posting the payment to the accounting system?

#2. Your firm is acting for a client and has instructed a translator to translate a document which needs to be produced in Court.

When including the cost of the translator in your bill of costs, you treat it as a:

#3. You have instructed an interpreter in order for your client to be able to communicate with you or to enable your client to understand Court proceedings. The cost of the interpreter is being passed on to the client. When billed, the cost is:

#5. In a non-contentious case, the VAT tax point will be the date of the invoice, provided the invoice is issued within how long after the work is completed?

#7. In a contentious case, the VAT tax point will be the date of the invoice, provided the invoice is issued within how long after the work is completed?

#8. Normal VAT Tax Point (time of supply) rules apply to Legal Aid work?

#9. You're acting for a client whose place of belonging is Jersey. You have instructed a UK barrister on behalf of the client. The barrister has issued you with a VAT invoice addressed to your firm and has charged you £2,000 plus VAT.

When billed to the client, you would treat the cost as:

#10. You receive an invoice from an overseas supplier for £100 (without VAT) but you would have been charged £20.00 VAT if you'd used a UK supplier.

What figures would you need to put on your VAT return and in what boxes would you put them?

AML 1

Who is this training for?

Purpose of this training?

Further Information

Frequently Asked Questions

Why Online?

Benefits?

ALCA

Help & Support

Regulatory & Terms

Connect With Us

On Demand Training Videos

Results

#1. You pay the firm's practising certificates from the business account.When posting the transaction, What VAT rate should you select when posting the payment to the accounting system?

#2. Your firm is acting for a client and has instructed a translator to translate a document which needs to be produced in Court.When including the cost of the translator in your bill of costs, you treat it as a:

#3. You have instructed an interpreter in order for your client to be able to communicate with you or to enable your client to understand Court proceedings. The cost of the interpreter is being passed on to the client. When billed, the cost is:

#5. In a non-contentious case, the VAT tax point will be the date of the invoice, provided the invoice is issued within how long after the work is completed?

#7. In a contentious case, the VAT tax point will be the date of the invoice, provided the invoice is issued within how long after the work is completed?

#8. Normal VAT Tax Point (time of supply) rules apply to Legal Aid work?

#9. You're acting for a client whose place of belonging is Jersey. You have instructed a UK barrister on behalf of the client. The barrister has issued you with a VAT invoice addressed to your firm and has charged you £2,000 plus VAT.When billed to the client, you would treat the cost as:

#10. You receive an invoice from an overseas supplier for £100 (without VAT) but you would have been charged £20.00 VAT if you'd used a UK supplier.What figures would you need to put on your VAT return and in what boxes would you put them?

AML 1

Who is this training for?

Purpose of this training?

Further Information

Frequently Asked Questions

Why Online?

Benefits?

#1. You pay the firm's practising certificates from the business account.

When posting the transaction, What VAT rate should you select when posting the payment to the accounting system?

#2. Your firm is acting for a client and has instructed a translator to translate a document which needs to be produced in Court.

When including the cost of the translator in your bill of costs, you treat it as a:

#9. You're acting for a client whose place of belonging is Jersey. You have instructed a UK barrister on behalf of the client. The barrister has issued you with a VAT invoice addressed to your firm and has charged you £2,000 plus VAT.

When billed to the client, you would treat the cost as:

#10. You receive an invoice from an overseas supplier for £100 (without VAT) but you would have been charged £20.00 VAT if you'd used a UK supplier.

What figures would you need to put on your VAT return and in what boxes would you put them?