Key words
HEADWORDS: VAT and case studies, IWETO-code: S141-tax law
Objectives
The VAT course and case studies have to be considered as an addition on the course General Accountancy.
The student must know the basic content of the VAT-legislation, he must also know the content and the legal terms for submission of the legally required pieces like the VAT-declaration.
This basic knowledge is exercised thoroughly so she is present at the beginning of the course Indirect taxes in the second grade. In this course the emphasis doesn't lie on the theoretical legislation, but on the application of the legislation: through practical exercises on processing of the invoices and on filling in of the periodical VAT-declaration the student gets an insight in the legislation concerned.
The students learns to work accurately through exercises and emphasis is laid on sense for order; the quality of fiscal documents is after all specified by completeness (formal and concerning content) and correctness of figures.
Topics
Elementary concepts of the VAT
- generalities
- taxable transactions
- the VAT-tax liable
- taxable transactions: delivery of goods, execution of services, import and intra communal acquisitions, export and intra communal deliveries
- standard of tax, tariffs
- deduction of pretax
Obligations for VAT-tax
- declaration of professional activity, VAT-registration number
- invoices
- declaration
Case studies
Prerequisites
No specific prior knowledge required.
Final Objectives
Materials used
Jos Vervoort: Tax about the value added-basic course with actualised lawbook. Publishing company Pelckmans (handbook further usable in the second year)
or course
Enclosures: additions, cases and practice documents, drew up by the lecturer.
Study costs
Handbook: against accepted market price (approximately 25 Euro)
Course: 2 to 3 Euro
Enclosures: against accepted copy price specified by the board (approximately 3 Euro)
Study guidance
Guiding and coaching of the students with the preparation of the cases
Classical correction and discussion of the cases
The lecturer is available for questions and additional exercises (personally or through e-mail address).
Teaching Methods
- Formal lecture
- Teaching conversation
- Guided exercises in the form of cases with practice documents
Assessment
FIRST SESSION: Written exam: 100%
SECOND SESSION: Written exam: 100%
Lecturer(s)
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