5th June 2025

TIMING

COURSE CODE

JN05B5

SPEAKER

Neil Owen

OBJECTIVES

This course aims to familiarise those attending with the full range of issues encountered in the area of partial exemption. Whilst the basic principle is relatively simple, the practical application in any given circumstance often requires an appreciation of the options available and potential opportunities and pitfalls that may exist. In addition, the capital goods scheme, which can extend the partial exemption provisions over ten years for some specific types of capital costs, merits close attention and an awareness of its dangers.  

WHO SHOULD ATTEND?

All practitioners who advise on VAT as well as accountants in business responsible for VAT.

TOPICS 

• The basic principle of partial exemption
• The de minimis limits
• The simplified de minimis test
• The standard method
• Special methods
• The process of attribution
• The importance of “wholly and exclusively”
• Identifying a capital item for the capital goods scheme (CGS)
• CGS initial claims
• CGS adjustments
• The CGS elephant trap

VENUE

This course will be available live online. You will be emailed the link to join two days before the course date.

DISTRICT

All

COURSE FEE

£105+VAT. (click here for information on the Flexiticket discount scheme - fees as low as £62.00+VAT per place).