Value Added Tax (VAT) is the single largest tax liability which most companies incur and the single largest source of tax recoveries on Revenue audits. Yet the people responsible for the management and administration of their company’s VAT liabilities often have to do so with the benefit of minimal (if any) specialist VAT training.
The IPASS Certified VAT Technician (CVT) qualification is a superb qualification which is designed to provide students with a comprehensive understanding of the operation of the Irish VAT system. The course assumes no prior knowledge of VAT on the part of students and it introduces them in a logical and progressive manner to the VAT implications and treatment of a huge range of business transactions.
Starting with first principles, the course explains the basic principles of the Irish VAT system, for all kinds of businesses from sole traders to multinational organisations and includes State and semi State bodies and VAT exempt institutions. Students will receive a comprehensive course manual written in non technical language, which explains in detail, the workings of the Irish VAT system and which contains numerous practical examples and exercises.
This unique course has been written by some of the country’s most experienced VAT lecturers and consultants, including former Revenue auditors, who have an unrivalled wealth of knowledge and experience of the Irish VAT system and of the problems which businesses have to contend with. The course doesn’t just deal with the theory of VAT. It also outlines the most common problems which businesses have to contend with on a day to day basis and it teaches students how to recognise these problems and more importantly how to deal with them, without having to refer to third parties for information.
Successful students will hold a qualification which will clearly demonstrate that they have a thorough understanding of the most important principles and the practical operation of the Irish VAT system.
Benefits of becoming a Certified VAT Technician:
The Certified VAT Technician will greatly enhance a student’s career prospects by providing certification of their expertise in a hugely important tax.
Students will enhance their knowledge and their confidence with a valuable qualification in a subject which is of huge importance to employers.
Contacts and Networking
Through their studies, students will meet a large number of fellow students, which will allow them to develop a network of contacts in a range of businesses.
The Benefit for Employers
The operation of the Irish VAT system is of huge importance to all companies. By having your VAT affairs managed by properly trained and suitably qualified staff, you will improve your company’s efficiency, reduce the possibility of VAT errors and increase the possibility of identifying and dealing with VAT problems, thereby minimising the possibility of a costly outcome to a Revenue audit. Properly trained and suitably qualified staff will lead to a more efficient operation of your company’s VAT affairs and will also reduce, or minimise, the cost of expensive VAT consultancy services.
Certified VAT Technician - Qualification Requirement
In order to qualify as a Certified VAT Technician, students must successfully complete both Part 1 and Part 2 of the CVT course. Exams are held for each part, twice yearly, in December and in May, with repeats exams being held in August and February.
Certified VAT Technician Classes
The Certified VAT Technician qualification is taught in two parts, Part 1 and Part 2, each of which comprises of 10 weeks of classroom tuition, 1 night per week of approximately 2.5 hours duration per night. Classes are held in various venues nationwide. Please contact the IPASS office for details of these venues.
The Certified VAT Technician qualification is also available by distance learning. The classes allow ample time to complete the course of study and include sufficient time to allow students to attempt sample questions on each chapter and at least 2 sample exam papers. Students, who are unable to attend classes, have the option of studying by distance learning. The syllabus for the Certified VAT Technician may be viewed by clicking on the following.
Details of the course syllabus can be found below: