Value added tax (ACCA) 2400-ZEWW795(ACCA)
The seminar covers the following topics:
1. Scope of VAT taxation, including foreign transactions
2. VAT taxable persons and tax representatives
3. Reverse charge mechanism for VAT
4. VAT liability
5. Place of supply in VAT
6. VAT taxable amount
7. Amount of taxation - VAT rates
8. VAT exemptions
9. The rules of making deductions of input tax, including the rules of making adjustments
10. Bad debts relief
11. The rules of making a VAT refund
12. Payment of tax
13. Additional tax liability
14. VAT registration rules
15. Declarations and recapitulative statements
16. Split payment mechanism
17. VAT documentation - invoices, records, cash registers,
18. Special VAT settlement procedures for small businesses
Type of course
Course coordinators
Learning outcomes
Upon completion of the course, the student knows what risks are associated with VAT in connection with running a business and how to manage them. He or she knows the rules determining VAT taxation in running a business. The student knows the benefits and costs of voluntary registration for VAT purposes, the principles of VAT taxation as well as documentation and reporting obligations related to its settlement. He or she also knows the consequences - under the provisions of the VAT Act - of failing to fulfil tax obligations as regards VAT.
The student will be able to calculate the VAT liability, explain the basis of this calculation, apply VAT planning techniques to the enterprise and anticipate the tax consequences in this area in any potential business situations.
The student correctly identifies and resolves tax dilemmas in the area of VAT related to conducting business activity. The student is able to improve the acquired knowledge and skills so as to broaden it to the extent required by work. professional activities
Assessment criteria
To complete the course, the student has to pass a written exam. The exam is divided into two sections: Section A consists of 10 multiple choice questions, either theoretical or short calculations (each question is worth 1 point), and Section B consists of 3 open questions (each question is worth 10 points). The passing threshold is 50% (20 points).
Bibliography
The current Goods and Services Tax Act and its implementing provisions, Directive 2006/112/EC and its implementing regulation (https://isap.sejm.gov.pl/)
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: