Key words
VAT, customs and excise, credit, securities, IWETO S186 international trade, S190 management
Objectives
VAT, customs and excise
Discussing contents and effects of these kinds of taxes. Being able to determine the situations in which documents (customs documents, permits, certificates, declarations, etc.) are necessary.
Knowing customs terminology like import, export, bonded warehouses, excise suspension, etc. and knowing which documents apply.
Doing exercises in order to learn the use of necessary documents. (Single document, NCTS documents, …)
Credit
Students are taught how an application for credit is treated.
Students are shown the most suitable form of credit for specific needs, with the proposition of suitable securities for the credit.
Case studies for financial analysis and investigation of companies in the field.
Topics
VAT, customs and excise
A structured course
Fitting exercises for each subject
European customs regulations based on EU customs codex- Origin of the goods
- Tariff of duties
- Customs value
- Customs procedures
- Customs regulations
- Excise regulations
- VAT (intracommunal traffic)
Exercise in which several topics are integrated.
Credit
- Basic knowledge of credit institutions and interest pricing issues;
- Financing over and under one year;
- Securities for credit;
- Case studies on financial analysis of companies in the field;
- Teamwork with oral presentation.
Prerequisites
VAT, customs and excise:
basics of international trade and VAT
Credit:
basics of financial techniques
Final Objectives
Knowledge:
Job-related:- Knowledge of international trade
- Knowledge of customs, excise and VAT
- Knowledge of professional literature
- Knowledge of developments in the field
- Thorough knowledge of financial documents, customs documents
- Knowledge of current issues in the field
- Knowing terminology and documents
Skills:
General:- Capacity of critical reflection
- Working on one's own
- Keeping knowledge up to date
- Consulting sources
- Acquiring and processing information
General and job-related:- Efficiently researching information (professional methodology)
- Being able to analyse documents
- Handling numerical data
- Handling confidential data in accordance with deontology
Job-related:- Following up on large economic sectors
- Keeping up with financial issues through professional literature
- Researching, collecting, processing and keeping up to date any information necessary for allowing a transaction, shipping, warehousing, processing or handling of goods to happen in accordance with procedures and regulations in customs, excise or VAT law
- Finding, listing and collecting any sources on legal fiscal and economic data
- Compiling technical files
- Applying and following up on customs and excise regulations on international trade
- Applying and following up on VAT regulations on international trade
- Applying deontological rules within the trade
- Knowing about the declaration of customs documents and duties
- Calculating levies and import duties, calculating excise, collecting accounts payable
Attitudes:
General:- Reliability
- Critical attitude
- Meticulousness
Job-related:- Guarding confidentiality
- Readiness to take responsibility
- Sense of comprehensiveness
- Following up on VAT, customs and excise law
- Problem solving approach
- Critical attitude
Materials used
Course book
Lecturer's syllabus
Accompanying notes, exercises and integrated applications compiled by lecturer
Study costs
Course book at current market price
Syllabus and notes at the current Hogeschool Gent rate
Expenses linked to assignments executed
Study guidance
Students may ask their lecturer about study problems
Students are coached and guided during self-study sessions
Teaching Methods
Interactive approach followed by exercises and lectures
Through discussion and individual computer exercises students learn how to use the internet application on customs.
During guided self-study the lecturer will coach you and guide you with exercises
Assessment
VAT, customs and excise - 70% of assessment- First exam session: 100% written exam
- Second exam session: 100% written exam
Students registered for the examinations only:- First exam session: 100% written exam
- Second exam session: 100% written exam
Credit - 30% of assessment- First exam session: 70% written exam and 30% continuous assessment
- Second exam session: 100% written exam
Students registered for the examinations only:- First exam session: 70% written exam and 30% individual assignment
- Second exam session: 100% written exam
Students who did get at least 10 / 20 for either exam does not have to do this part of the exam again in the second session of the same academic year. They do have to be re-examined on the part for which they got less than 10 / 20, otherwise they will be considered to have been absent for the entire examination.
Lecturer(s)
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