Introduction to VAT for housing associations

Introduction to VAT for housing associations

Location: Virtual
Start Date:

10/05/2021 09:30

End Date:

11/05/2021 12:00

Industries: Social Housing
Introduction to VAT for housing associations
This course is now fully booked. We will be running this course again in the summer. To register your interest please click here

Our popular course examines how VAT affects housing associations and assumes that delegates have no prior knowledge. It includes updates on recent VAT changes such as Making Tax Digital Stage 2, dealing with costs from abroad post-Brexit, and the new domestic reverse charge on construction services. We will also discuss how topical issues such as changes in tenure type and surplus shops and offices impact VAT.

Given current conditions we are running this course virtually over two mornings. Day 1 will focus on how VAT affects housing associations generally. Day 2 will focus on how VAT affects developments. There is an option to attend either, or both, sessions.


What we will cover

Day 1 session: how the VAT system works

  • The VAT treatment of the main activities of housing associations.
  • When should VAT be charged?
  • The requirements for VAT incurred to be recovered.
  • Partial exemption methods and calculations.
  • VAT compliance and how this has changed under Making Tax Digital.
  • When does the reverse charge apply?
  • How to deal with imported goods and services.

Day 2 session: focussed around development activity

  • When will VAT be incurred on land and what are the strategies to deal with this?
  • VAT treatment of construction, conversions and refurbishment projects, including design-and-build arrangements.
  • VAT treatment of the various types of tenure.
  • What happens if you need to change the tenure mix?
  • VAT impacts of strategies for dealing with surplus shop and office space.

Timings

Day 1: Monday 10 May 2021

09:30   Course starts
10:30   Coffee break
10:45   Course resumes
11:45   Coffee break
12:00   Course resumes
13:00   Course end

Day 2: Tuesday 11 May 2021

09:30   Course starts
10:30   Coffee break
10:45   Course resumes
12:00   Course end 

This virtual event will be held on Microsoft Teams. We will send you a link and joining instructions closer to the event.


Who should attend

  • Finance staff taking on responsibility for VAT for the first time.
  • Finance staff who have experience of VAT in other sectors but are new to housing.
  • Experienced finance staff wanting a refresh on how VAT affects their organisation.
  • Developments staff who want a better understanding of how VAT impacts their projects.

Cost

Day 1 only: £200 plus VAT 
Day 2 only: £150 plus VAT
Both Day 1 and Day 2: £300 plus VAT
50% reduction for each subsequent delegate from the same organisation.  

Please contact us if you have any further questions.