A Layman’s Guide to Income Tax & VAT  7th April

• Date: Monday 7th  April
• Time: 9:30am - 4:30pm
• Venue: Work IQ Innovation Centre, Belgard Square North, Dublin 24 D24E1TT
• Cost: €20

Ideal for:

The aim of this course is to provide each participant with a clear understanding of their responsibilities as a self-employed person and an understanding of how their business fits into the self-assessment tax system. They will also gain an understanding of how Income Taxes are calculated on their business profits with tips and advice to ensure they pay less tax. The VAT section will give participants a detailed understanding of VAT and the implications of VAT registration on their business.

Income Tax:-

a) Who pays Income Tax?

b) On what income do we pay income taxes?

c) Business Profits/Losses d) Allowable Business Expenses

e) Income Tax Rates, USC, PRSI f) Tax Credits, Reliefs and Capital Allowances

g) Exempt Income

h) Preliminary Tax

i) An Income Tax Return working example

j) Important filing dates and deadlines

VAT :-

k) Registering for VAT – Why? When? The registration process

l) Allowable VAT expenses m) The books and records that must be kept and for how long

n) VAT Thresholds

o) VAT Rates

p) VAT on EU transactions

q) VAT on Imports & Exports

r) VAT calculations

s) The VAT returns – VAT 3 and RTD

t) ROS demo – VAT 3