VAT AND CASE STUDIES I
 
Lectured in 1st year Bachelor in business studies - Main Subject: Accountancy-Tax Law
Theory [A] 25.0
Exercises [B] 0.0
Training and projects [C] 0.0
Studytime [D] 75
Studypoints [E] 3
Level introductory
Language of instruction Dutch
Lecturer Christine VANHEUVERZWIJN
Reference RCBMGA01A00011
 
Key words
VAT and Case studies I

Objectives
This course should be seen as an addition to the course General and Corporation Bookkeeping.
The student learns the basics of VAT-legislation.
Emphasis is put on the practical application of the law through exercises such as filling out a tax return sheet. In this way the student acquires accuracy and precision, which are very important.

Topics
Elementary notions of VAT:
  • Taxable transactions - VAT-taxpayer
  • Delivery of goods - service transactions
  • Basis of assessment - Tax rates
  • Deduction of prepaid tax
  • Export and intercommunity delivery
  • Import and intercommunity acquisition
  • VAT-return - final payment - refund of tax
Statutory obligations:
  • Invoicing
  • VAT-return
Case studies

Prerequisites
none

Final Objectives
Knowledge :
Job-related (specific)
  • VAT-legislation
  • knowledge of sources containing accounting, judicial, social, economic information
  • knowledge of professional literature
  • thorough knowledge of judicial, economic, commercial documents
  • knowledge of statutory documents
  • knowledge of technical terminology
Skills: General:
  • updating one's knowledge
  • collecting and processing information
Job-related (general):
  • Being able to look up information efficiently
  • being able to analyse documents
  • being able to work with figures
Job-related (specific)
  • finding and collecting all sorts of sources containing accounting, fiscal, social and economic information collecting, registering and classifying job-related data
  • drawing up a VAT-return
Attitudes:
Job-related (general)
  • Being eager to work with figures


Materials used
Jos Vervoort: Belasting over de Toegevoegde Waarde - Basiscursus met geactualiseerd wetboek. Uitgeverij Pelckmans + Background information and cases

Study costs
Handbook : current market price
Copies : unit price determined under Hogeschool rules

Study guidance
Coaching students for preparing cases.
Correction and discussion of cases in class.
The lecturer is available for tutoring.

Teaching Methods
  • Lectures
  • Question and answer
  • Case studies


Assessment
  • First exam session: 100 % written exam
  • Second exam session: 100 % written exam
  • Examination Board Flemish Community (ditto regular student)


Lecturer(s)