VAT Basics

Learn the basic principles of UK VAT and understand how VAT affects sales, purchases, invoices and business records.

1 course 4 CPD hours 365 days access Verifiable certificate

Course Price

£19.99

Course Details

CPD212-FAA-003

VAT Basics

240 minutes 4 CPD hours Introductory English 80% pass mark

Course Description

This professional online CPD course provides learners with an introduction to VAT basics. It covers VAT registration awareness, taxable supplies, VAT rates, output VAT, input VAT, VAT invoices, record keeping, returns and common compliance risks. Learners will understand the core concepts needed to support routine VAT administration while recognising when specialist advice is required.

Learning Outcomes

Explain the basic purpose and principles of VAT.
Recognise the main VAT rates and common categories of supply.
Understand the difference between input VAT and output VAT.
Identify the key information required on a VAT invoice.
Maintain appropriate VAT records for business transactions.
Recognise when VAT matters require specialist accounting or tax advice.
Successfully complete the end-of-course knowledge assessment.