Tax and VAT Basics

Genellikle neleri kapsar

1. 1

   How Business Taxes Work

   • Why Tax Matters in Everyday Business Work
   • The Main Taxes a Business Meets
   • Where Tax Rules Come From
   • Your Duties as a Taxpayer
2. 2

   VAT and GST Fundamentals

   • How VAT Flows Through the Supply Chain
   • VAT, GST and Sales Tax Compared
   • VAT Registration and Thresholds
   • Standard, Reduced, Zero-Rated and Exempt Supplies
   • When and Where a Supply Is Taxed
3. 3

   Output Tax, Input Tax and Invoices

   • Charging VAT on Sales
   • Recovering VAT on Purchases
   • The Tax Invoice
   • Credit Notes, Debit Notes and Corrections
   • Imports, Exports and the Reverse Charge
4. 4

   VAT Returns and Payments

   • What a VAT Return Reports
   • Preparing a VAT Return Step by Step
   • Reconciling VAT to the Accounts
   • Paying VAT and Claiming Refunds
   • Correcting Errors and Late Returns
5. 5

   Withholding Tax and Other Business Taxes

   • Withholding Tax: How It Works
   • Withholding Tax in Contracts and Payments
   • Tax on Business Profits in Outline
   • Customs Duties and Excise
   • Cross-Border Tax Risks to Recognise
6. 6

   Records, Controls and Working with the Tax Authority

   • Tax Records: What to Keep and for How Long
   • Everyday Tax Controls
   • The Tax Calendar and When to Ask for Help
   • Tax Audits and Enquiries
   • Invoice Fraud and VAT Red Flags
   • Putting It Together: A Quarter at Quorvale Logistics