Originally broadcast on Tuesday, April 17, 2012 - 15:30

Some goods and services such as insurance, finance and education are exempt from VAT. Businesses which sell only VAT exempt goods and services are unable to register for VAT and therefore cannot reclaim VAT on their business purchases. Businesses which are VAT registered and incur input tax on supplies which they use to make VAT exempt goods or services are partly exempt. Reclaiming VAT for partially exempt businesses is complicated, requiring a number of different calculations and an annual adjustment.

Our speakers will review the key principles and offer you practical tips to avoid traps for the unwary.

This webinar covers:
• Review of the latest rules
• Review of Capital Goods Scheme and partial exemption
• Degree of exploitation and business/non-business use
• Annual adjustments
• Traps and practical tips on how to avoid them
• Case law update