Key words
VAT and case studies I, IWETO-code, S141 tax law
Objectives
This course VAT and case studies should be seen as an addition to the course General Bookkeeping.
The student learns the basics of VAT-legislation, the content and legal terms for submitting the legally required pieces as known in the VAT-declaration.
This basic knowledge is practised thoroughly as to having it at hand when starting the course Indirect Taxes in the second year. Emphasis is put on the practical application of the law and link to bookkeeping system: through exercises on processing invoices and filling out a tax return sheet the student acquires insight in the concerned legislation.
Through exercises the student learns to work accurately and emphasis is put on neatness; the quality of tax documents is defined by completeness (form and content) and accuracy in figures.
Topics
Elementary notions of VAT- Generalities
- Taxable transactions
- VAT-taxpayer
- Taxable transactions: delivery of goods, service transactions, Import and intercommunity acquisition, export and intercommunity delivery
- Criterion of levy, tax rates
Statutory obligations
- Registration of profession, VAT-registration number
- Invoicing
- Declaration
Case Studies
Prerequisites
Knowledge of basic principles of accounting (competency at end of course management)
Final Objectives
Knowledge:
Job-related (specific) competencies:- VAT-legislation (see topics)
- Knowledge of sources containing accounting, judicial, social, economic information
- Knowledge of professional literature (tax, social, judicial, accounting, …)
- Thorough knowledge of judicial, economic, commercial documents
- Knowledge of statutory documents
- Knowledge of data carriers needed to make up the legally required pieces
- Knowledge of technical terminology
Skills: General:- Updating one's knowledge
- Collecting and processing information
Job-related (general):- Being able to look up information efficiently (professional methodology)
- Being able to analyse documents
- Being able to work with figures
Job-related (specific): - Finding, collecting and listing all sorts of sources containing accounting, judicial, efficiently and effectively.
- Checking the collected information and documents on their accuracy, completeness and reality, point out difficulties and add complements. Take action when necessary to become improvements.
- Drawing up a VAT-return starting from the bookkeeping
Attitudes:
Job-related (specific):- Being eager to work with figures
Materials used
::Click here for additional information::
Jos Vervoort: Belasting over de Toegevoegde Waarde-Basiscursus met geactualiseerd wetboek. Uitgeverij Pelckmans (handbook also used in second year).
Enclosures: complements, cases en practical documents, drawn up by lecturer.
Study costs
Handbook : current market price (about 25 euro)
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 (personally or through email-address)
Teaching Methods
- Lectures
- Question and answer
- Guided exercises shaped like cases with practical documents
Assessment
- First exam session: 100% written exam
- Second exam session: 100 % written exam
- Students who only register to take examinations:
First and second exam session: 100% written exam
Lecturer(s)
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