VAT, Taxation, and Compliance Accounting
£850.00
Training Overview
This 4-day course provides a deep and practical understanding of VAT, corporate and income tax accounting, and regulatory compliance obligations. Participants will gain expertise in tax computation, reporting, and filing across jurisdictions, with emphasis on accounting treatment, technology-driven compliance, ESG tax considerations, and automation of tax reporting through software.
Note (General Daily Guide):
Each training day runs from 8:30 am to 3:46 pm, with four structured sessions — Morning, Midday, Afternoon, and Closing, covering foundational, intermediate, advanced, and practical learning.
Day 1: Foundations of VAT and Taxation Systems
Session 1: Introduction to VAT and Taxation Principles
Understanding the role of taxation in business and government revenue
Overview of direct and indirect taxes
Structure and purpose of VAT (Value Added Tax) systems
Session 2: VAT Framework and Accounting Treatment
VAT registration and thresholds
Input vs output VAT — calculation and reconciliation
Double-entry records and VAT control accounts
Session 3: Software and Technology for VAT Management
Using OAE’s proprietary tools and integrations (Xero, Sage, QuickBooks)
Automation of VAT data entry and invoice reconciliation
Real-time digital filing systems (Making Tax Digital, EU OSS)
Session 4: Practical Workshop — VAT Return Preparation
Preparing and submitting a VAT return
Identifying and rectifying common errors
Discussion on cross-border VAT and digital services
Day 2: Corporate and Income Taxation Accounting
Session 1: Corporate Tax Structures and Requirements
Corporate tax bases and calculation methods
Deferred tax assets and liabilities
Accounting for income tax under IAS 12
Session 2: Payroll and Employment-Related Taxation
PAYE, National Insurance, and Social Security considerations
Recording employment taxes in accounting systems
Taxation of benefits and allowances
Session 3: Tax Planning and Risk Management
Strategic tax planning within compliance limits
Identifying and mitigating tax risks
The role of tax audit trails and documentation retention
Session 4: Case Study Simulation
Computing tax liabilities for a medium-sized company
Adjusting journal entries for tax accruals and prepayments
Discussion and feedback session
Day 3: Compliance and Regulatory Frameworks
Session 1: Local and International Tax Compliance Standards
Overview of UK, EU, and Ghanaian tax compliance frameworks
Tax treaties and double taxation agreements (DTAAs)
OECD guidelines and BEPS considerations
Session 2: Financial Reporting and Disclosure of Tax Information
Presentation of tax information in financial statements
Deferred tax disclosures under IFRS and GAAP
Reconciliation of taxable and accounting profit
Session 3: ESG and Ethical Tax Governance
Understanding responsible tax practices
ESG integration in taxation reporting
Transparency and corporate social responsibility in taxation
Session 4: Practical Application — Compliance Simulation
Preparing statutory tax disclosures
Setting up digital audit trails for compliance
Group exercise on resolving tax discrepancies
Day 4: Technology, Future Trends, and Global Taxation
Session 1: Tax Technology Transformation
AI in tax computation and compliance monitoring
Blockchain for transparent and traceable tax data
Cloud-based systems for multi-jurisdictional reporting
Session 2: Global Taxation and Transfer Pricing
Understanding international transfer pricing frameworks
Intercompany transactions and documentation requirements
Taxation of digital and cryptocurrency assets
Session 3: Risk-Based Tax Compliance Management
Establishing internal controls over taxation
Audit readiness and compliance testing
Preventing tax evasion through internal systems
Session 4: Consolidation and Practical Implementation
Full tax accounting workflow — from data entry to filing
Preparing compliance calendars and reporting schedules
Certification, evaluation, and final reflection