This comprehensive 1 day training course will deal with the major issues of concern for motor dealers in relation to VAT and in particular in relation to the new rules covering the abolition of the VAT Clawback rule and the Special Scheme for Means of Transport sold by Taxable Dealers and the new Margin Scheme which will apply to all sales of second hand motor vehicles. The course will deal specifically with all of the issues which are relevant to the motor trade and which cause most problems on Revenue Audits. The procedures to be adopted and the documentation to be issued will be dealt with in a thorough, comprehensive and down to earth practical manner.

Who should attend this course?

Anyone who is responsible for the VAT or finance function, or the preparation of VAT returns in a motor dealer or distributor including those who deal with the sale of commercial vehicles and heavy plant, should attend this course. You will not get a better, more thorough, or more comprehensive course on VAT and the motor trade anywhere. All delegates will be provided with a comprehensive course manual which will contain numerous worked examples of the various situations which will be discussed and which will also serve as an invaluable source of reference material.

The course will be presented by Professional Taxation Consultants who specialise in VAT and who have an unrivalled knowledge and experience of the issues being discussed.

Topics Covered on the Day:

• Introduction to Basic Principles
• Guide to Main VAT Rates
• Amount of which VAT is chargeable
• Accounting for VAT on sales
• Non-Deductible VAT
• VAT Invoices and Credit Notes
• Hire Purchase and Lease Agreements
• VAT and Export Sales
• VAT and Imports
• Special Scheme for Motor Dealers
• Abolition of Special Scheme
• Abolition of Clawback Rule
• Transition Rules for Motor Dealers from Jan to June 2010
• New VAT Rules for Motor Dealers from July 2010
• Sale of Second Hand Cars purchased in another EU Member State
• Sale of Motor Vehicles to customers in other Member States
• VAT Treatment of Vehicles Registered by Distributors or Dealers
• Declaration on Sales Invoices                                                                    

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• An opportunity to put your questions to a taxation consultant who specialises in this area
• Small groups to allow time for individual attention and queries
• A detailed handout is supplied to each delegate - an invaluable reference document
• Book now as places are strictly limited
• This course will pay for itself many times over
• 30 day free telephone helpline service following date of course

CPD/CPE Hours

Attendance at this seminar may qualify for 7 CPD/CPE hours for members of the Institute of Chartered Accountants in Ireland, the Association of Chartered Certified Accountants, the Institute of Certified Public Accountants in ireland, the Irish Taxation Institute, the Law Society and the Institute of Accounting Technicians in ireland and other professional bodies.

Timetable

Courses run from 10.00am - 4.30pm - tea/coffee on arrival. mid-morning & mid-afternoon and lunch will be provided

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Course Fees:

(Additional 10% discount applies for IPASS Members)