VAT within Law Firms – Online Workshop

VAT Training Within Law Firms





 

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.

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VAT within Law Firms

Length: 3 Hours

Published September 24, 2022

Last Updated on May 1, 2023


Who is this training for?

This online workshop is for Solicitors, Lawyers, Accountants, Compliance Officers, COFA’s, Legal Accounts Professionals, Legal Cashiers and anyone that has any involvement in working in legal finance and compliance.

Purpose of this training?

VAT is a complex and ever changing tax.  This workshop is designed to focus on the areas that cause the most confusion and the areas that HMRC specifically targets law firms during a VAT inspection.

The workshop will explore the practical application of the VAT regulations to help you to be compliant. It will explore the VAT Act 1994, Notice 700, case law and address issues that have emerged from cases like the ‘Brabners’ decision and the implications of those decisions to law firms.  Conundrums and scenarios will be posed and discusses throughout the session.

Introduction

  • Scope of VAT within the UK

Time of Supply

  • Basic Tax Point
  • Actual Tax Point
  • Extensions

Sales/Fees

  • Client’s overseas (Place of ‘belonging’)
  • Land related services

Third Party Payers

  • Indemnity basisv
  • VAT invoices
  • Disbursements and Recharges
  • What is a disbursement (SRA and HMRC’s definition)

Disbursements – accounting options

  • Discretionary treatment of Counsel’s Fees
  • Overseas experts
  • Recharges – accounting options
  • VAT invoices
  • Search fees
  • Medical records and reports

Administrative Aspects of VAT

  • Valid VAT invoices
  • Valid credit notes
  • Recovery of input VAT
  • Supplier invoices 6 months older or greater
  • Subsistence, travel and staff entertainment expenses
  • Mixed expenses (business and personal usage)
  • Mobile phones
  • VAT Returns
  • Correcting errors
  • Bad debt relief

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 60 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

£45.00

£90.00

£120.00

No Access

No Access

£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.

Details on how to join the online session will be provided the day before the training goes live.

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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