Legal Finance News
- SRA Code of Conduct and SRA Accounts Rules Amendments
The Solicitors Regulation Authority (SRA) published the new SRA Handbook on 6 October 2011. The SRA Handbook includes t...SRA Code of Conduct and SRA Accounts Rules Amendments - read more
- New CPD Training Course for COFA's
With the name of the individual who will act as a firm's Compliance Officer for Finance and Administration (COFA) having...New CPD Training Course for COFA's - read more
VAT for Solicitors
The starting point for dealing with how VAT applies to your Solicitors firm is an understanding of the basic operation of the VAT system within the United Kingdom including consideration of the various VAT schemes now available and HMRC's record keeping requirements.
Beyond that there are specific VAT issues which are likely to be of interest to those in the legal profession including the proper treatment of disbursements and other similar expenses for VAT purposes. In particular VAT problems are often faced by legal aid practitioners in receipt of regular payments from the Legal Services Commission.
Our courses dealing with VAT for Solicitors can give an overview of the above and provide detailed practical steps. Alternatively, for more tailored guidance our consultancy service can help resolve VAT issues or inspections.