Gain a thorough understanding of the basic concepts and principles of VAT and how the tax operates both internationally and domestically. Approaches of EU and non-EU states will be compared and legal aspects considered.
Identify the advantages and disadvantages of a VAT type of tax and how it fits into the tax mix of states around the world.
Recognize how VAT operates, particularly in respect of output tax and input tax, in such a way that it remains neutral in its application by businesses.
Identify how VAT applies to supplies of both goods and services, including when provided electronically and to international transactions.
Apply the concept of the taxable person, EU VAT group, and fixed establishment, according to the recent ECJ decisions.
Interpret how VAT works within the European Union’s free market, including the measures introduced to address the impact of COVID-19 and the new VAT e-commerce rules.
Define how the system allows for neutrality by ensuring that imports and exports are neither advantaged nor disadvantaged over domestic supplies.
Identify the impact of exemption in VAT and how tax is calculated by businesses that deal in exempt supplies.
Categorize some of the more important administrative issues that VAT requires.
Finance managers
Accountants
Accounts staff
Staff members with responsible for the financial and legislative obligations of their organization.
Anyone who wishes to be pro-active in their approach to legislative and financial compliance and anyone who wishes to undergo a refresher course in the operation of the Irish VAT System.
How the tax works
Its advantages and disadvantages
VAT in the European Union
Principles of the VAT System
Understanding how the Irish VAT System works
Taxable Persons and Accountable Persons – who is obliged to register for VAT?
VAT Registration – new two-tier system!
Distance Sales – the hidden problems and how they may affect Irish businesses
VAT Returns and Payments – warehousing VAT debts due to Covid-19
Annual VAT Returns – the advantages and disadvantages of opting to make an annual VAT return
Supplies of Goods and Services – the different rules which apply to the supply of goods and the supply of services, and why these rules are very important
Deductible and Non-Deductible VAT – costs on which VAT may or may not be reclaimed and the most common errors
The rules for reclaiming foreign VAT incurred
The “Two Thirds Rule” explained
Electronic Data Interchange (EDI) – electronic invoicing
Imports and Exports of Goods – the rules explained
Intra-Community acquisition of Goods and Triangulation – how they differ from imports and the rules explained
Intra-Community supply of Goods – how they differ from exports and the rules explained
Section 56 Relief – how it operates and the difference between this relief and being VAT exempt
VIES and Intrastat Returns – when these are due and how to complete them
We all operate in an increasingly complex commercial and professional environment that requires us to negotiate on a daily basis not only with customers, clients, suppliers and contractors but also with managers, fellow employees, and colleagues within our own organization.
Pressure equipment such as boilers, pressure vessels, heat exchangers, pressure piping, and associated safety equipment are widely used in many industries (e.g., hydrocarbon processing, chemical, power, pharmaceutical, and manufacturing). Pressure vessels and piping store energy and potentially hazardous fluids and thus have inherent safety risks. Pressure equipment designs are performed in compliance with applicable Regulations, Codes, and Standards and follow sound engineering practices to ensure structural integrity and safeguard public safety. The design covers material selection, stress analysis, fabrication, testing, inspection, operation and failure analysis, codes, standards, and regulations.
ASME Plant Inspector Level 1 Course provides the fundamental principles of the inspection, assessment, and management of fixed pressure equipment. The content of the course is delivered in a systematic manner, from the inspection planning process to inspection practices and evaluation of the associated equipment. It is aimed at the upstream and downstream Petrochemical industry but is equally relevant to stakeholders from other sectors that utilize pressure equipment.
One of the most well-known IT management and governance frameworks is COBIT 5 Foundation. The framework is adaptable to all organizations of any size.
In addition to giving you an advantage over your peers in terms of professional growth, COBIT 5 offers internationally recognized principles, practices, tools, and models to assist boost the trust and value in IT.
This training offers insights into the world of corporate finance, risk, and governance. Capital markets are central to the globalization phenomenon and essential for a well-functioning society. Because of this centrality and essential nature to societies, focus and attention must be paid to their proper functioning and oversight. To that end, this program offers an overview of the interaction between management and all other stakeholders. Diverse and complex stakeholder demands are best met by an efficient allocation of resources over an extended period.
This program will provide the participant the know-how to: Understand Strategic alliances; Management system needs of Strategic alliances; Causes of Failure of Alliances; Determining the suitability of a proposed alliance