Regulatory and Compliance Training & Consultancy

VAT for Solicitors Training

Legal Finance Professionals provide a VAT for Solicitors training course.

VAT for Solicitors

3 CPD Hours

Delegates attending this course will learn about the basic operation of the VAT system within the United Kingdom and benefit from a detailed look at the main VAT issues which are likely to be of interest to those in the legal profession.

The following topics will be covered -

Introduction

• Scope of VAT within the UK

Tax Points

• Date of Supply

VAT on Solicitors Fees

• Land related services
• Place of ‘belonging’
• What is a disbursement for VAT purposes?
• Treatment of general expenses
• Disbursements - accounting options
• Discretionary treatment of Counsel's Fees

Payment of Third Party Costs

• Indemnity basis

Legal Aid

• Correct Treatment of Regular Payments from the LSC

Administrative Aspects of VAT

• VAT invoices
• Credit notes
• Recovery of input tax
• Subsistence, travel and staff entertainment expenses
• Mobile phones provided to staff
• VAT Returns & the payment of tax
• Correcting errors
• Relief for bad debts

This course is designed with the needs of sole traders and the smaller partnerships in mind but will also be of interest to legal cashiers, other finance staff and practice managers.

VAT for Solicitors (Live Webinar)

3 CPD Hours

Our VAT for Solicitors course is also available as a live webinar.

VAT on Disbursements (Live Webinar)

1 CPD Hours

This one hour webinar focuses on the proper treatment of VAT on disbursements and overhead expenses which are recharged to clients following on from the landmark ruling by the First Tier Tribunal in the HMRC v‘s Brabners LLP case. Please note that much of the content of this course is included within the 3 hour ’VAT for Solicitors' course.