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
The program opens by exploring the key leadership skills and how to apply them in the organization. Using this initial analysis, the program explores managing yourself as a leader, leading a team, creating breakthroughs through innovative leadership, communicating effectively with others, and imparting leadership values to your team members. All attendees will return to their organizations better equipped to meet the challenges and demands of leadership.
This is a fast-paced, dynamic, and highly informative advanced leadership program. It seeks to develop and enhance your personal, team, and organizational leadership skills.
This seminar is designed to provide practicing or potential leaders with the knowledge and skills required by the role. This leadership programme enables your leaders to critically explore the key idea that the most important function of a leader is to help their people move through the stages of team development.
Alliances in business are a natural route for development – but not all contracting relationships can truly be seen as alliances. A good, trusting and open relationship is essential for a long-term and successful alliance – and this needs to be practiced by the negotiators involved. Negotiation is inevitably at the heart of every process to achieve what you want, whether in an agreement, bargaining for an item, or closing a deal. At the end of each negotiation, the goal is to seek a win/win outcome – an essential characteristic of long-lasting alliances. This course provides an essential framework for effective negotiation — which will be vital for building and exploiting an alliance - from building the relationship, critical thinking to prioritize goals
Health, Safety, and Environmental Management Systems are based on a proactive process for incidents prevention as well as reactive monitoring of performance. Risk assessment is required to be applied to all activities that impact on health & safety, production, asset, environment, and the Company reputation.
All businesses in the current environment need a competitive edge. This can be gained through innovative and exciting products and services, or effective and efficient world-class employees. Top performing organizations are passionate about their most valuable resource - their staff. To maintain their high standards a large proportion of their time and energy is spent on continuous professional development, not only of their employees but of their business. This course investigates the tried and trusted management processes, procedures, and methodology used by many blue-chip companies. They use the tools to develop high levels of performance from their staff. This in turn ensures the future and reputation of their companies through innovative development, service, and evaluation. This course offers participants practical solutions to work-related issues.
Enterprise Risk Management known as (ERM) has evolved considerably since the seventies. From simply 'buying' insurance, it has now grown in importance to become a prime function in many organizations as part of a bigger system known as Governance, Risk, and Compliance (GRC) which starts with corporate governance and ends with compliance. ERM is the function of studying the risks that may hinder a corporation's ability to achieve its goals and then deciding how to overcome those risks. Studies regarding risk management were done by different organizations, including ISO which issued ISO 31000 on risk management. However, the most accepted ERM system is the one designed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). This system, which is the one covered in this course, teaches the steps needed to control risk. It starts with the evaluation of the internal environment and the setting of objectives which are, mainly, a result of the tone at the top of the organization, the directives from corporate governance as well as the vision, mission, and corporate strategies. Then, the course goes through the steps management needs to consider in order to identify and assess risk and decide on proper risk responses and controls. The course ends with how to monitor, communicate, and report risk. In addition, the course looks at risk in different organizational areas such as strategy, reporting, compliance, operations, financial and physical risk as well as risk in different industries.