Introduction to the Certificate in VAT Techniques
Value Added Tax (VAT) is the single largest tax liability which most companies incur and the single largest source of tax recoveries on Revenue audits. Yet the people responsible for the management and administration of their company's VAT liabilities often have to do so with the benefit of minimal (if any) specialist VAT training.
The Certificate in VAT Techniques (CVT) qualification is a superb qualification which is designed to provide students with a comprehensive understanding of the operation of the Irish VAT system. The course assumes no prior knowledge of VAT on the part of students and it introduces them in a logical and progressive manner to the VAT implications and treatment of a huge range of business transactions.
Starting with first principles, the course explains the basic principles of the Irish VAT system, for all kinds of businesses from sole traders to multinational organisations and includes State and semi State bodies and VAT exempt institutions. Students will receive a comprehensive course manual written in non-technical language, which explains in detail, the workings of the Irish VAT system and which contains numerous practical examples and exercises.
This unique course has been written by some of the country's most experienced VAT lecturers and consultants, including former Revenue auditors, who have an unrivalled wealth of knowledge and experience of the Irish VAT system and of the problems which businesses have to contend with. The course doesn't just deal with the theory of VAT. It also outlines the most common problems which businesses have to contend with on a day to day basis and it teaches students how to recognise these problems and more importantly how to deal with them, without having to refer to third parties for information.
Benefits of becoming a Certified VAT Technician:
The Certified VAT Technician will greatly enhance a student's career prospects by providing certification of their expertise in a hugely important tax.
The Benefit for Employers
The operation of the Irish VAT system is of huge importance to all companies. By having your VAT affairs managed by properly trained and suitably qualified staff, you will improve your company's efficiency, reduce the possibility of VAT errors and increase the possibility of identifying and dealing with VAT problems, thereby minimising the possibility of a costly outcome to a Revenue audit. Properly trained and suitably qualified staff will lead to a more efficient operation of your company's VAT affairs and will also reduce, or minimise, the cost of expensive VAT consultancy services.
There is an exam at the end of each part. Exams are held in May and December.
There are no entry requirements.
Accreditation: QQI Advanced Level 6 Special Purpose Award.
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