Details about this catalogue item
This easy-to-use eLearning module is part of VAT broader course which is one of the courses from an extensive EU eLearning portfolio on Customs and Taxation.Course description
VAT Right to deduct course covers the question: “When a transaction gives the right to deduct from VAT?”.- The net VAT principle ensures that tax is only calculated on the value added, and that taxable persons along the supply chain may deduct the tax paid on previous transactions.
- The VAT on goods or services, which the taxable person purchased, acquired or imported and that are used for taxable transactions, can be deducted.
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 wil be able to:
- Who can deduct, what to deduct, when to deduct.
- Explain input tax and output tax.
- Be aware of the conditions in order to be entitled to deduct input VAT.
- Explain why there is deductible and nondeductible input VAT.
- Describe other restrictions and calculate the proportional deduction.
- Be aware of the necessity to adjust dedeuctions made.
- How to exercise the right of deduction through subtraction or refund.
Course duration