Course description

VAT Chargeable event and Taxable course covers the question: “When does the chargeable event take place and VAT become chargeable?” and ”On what is VAT calculated?”. In this course you will learn the difference between the legal concepts of the chargeable event and the chargeability of VAT and the taxable amount. The course also covers their relation with different transactions, and acceptable adjustments to the taxable amount. To fully benefit of the potential of this course, we recommend to integrate the course in your own training programme and to develop a full blended learning scheme.

Target audience

The course is aimed at officials in EU countries, and more generally, anyone with a particular interest in VAT wanting to get basic knowledge of the VAT directive.

Learning objectives

By the end of this course, you will:
- Know when VAT becomes chargeable that is when the chargeable event takes place: chargeability.
- Know what is VAT calculated on: taxable amount.
- Know how to relate these concepts to the different transactions: supply of goods, supply of services, intra-Community acquisition, importation.
- Know when a taxable amount may be adjusted as a result of changes after the supply has taken place.
- Describe how the tax due is a result of applying the rate to the taxable amount expressed in monetary terms.

Course duration

Estimated duration of the module: 40 minutes.