ACCOUNTING - HOW TO account for imports, exports, acquisitions & dispatches on a UK VAT return скачать в хорошем качестве

ACCOUNTING - HOW TO account for imports, exports, acquisitions & dispatches on a UK VAT return

In this video you will learn all about imports, exports, acquisitions and dispatches and how these are dealt with on a VAT return in the UK. Meet Gill, she is a trainee accountant working in a large firm and has been asked to prepare the VAT return but she is unsure about imports and exports and what they are. Throughout the video we learn the difference between imports and acquisitions and why it matters if we are dealing with customer or suppliers inside and outside of the single trading market or European Union (EU). We also learn what the difference between an export and dispatch is. There are a few different criteria that must be met when selling to an EU member state which include obtaining and retaining various documentation as shown in this video. Following the above we go through some questions and answers to test your understanding. I also go through a standard UK VAT return and the relevant boxes including output tax, input tax and the difference between VAT due to HMRC and VAT due from HMRC. See the below for prior VAT related videos and tutorials: Indirect Tax: Accounting Basics Explained - AAT level 3 Indirect Tax - VAT UK    • Accounting - Indirect Tax: Accounting Basi...   Accounting Tutorial: VAT Explained Box 2 - Level 2, 3 and 4 with Miss Finance - valued added tax    • Accounting Tutorial: VAT Explained Box 2 -...   If you would like to support me in my endeavours to help accounting and finance students you can now do so through Patreon :) - all support is greatly appreciated x   / missfinancetutorials