(in Polish) Podatek VAT (ACCA)

optional courses

During the course students explore the basic principles of VAT taxation of companies with legal personality and without legal personality, the rights and obligations of VAT taxable persons, the method of settling the tax, the rules of registration and requirements for documentation.

The seminar takes form of direct, in-class meetings. After presenting relevant theory, the examples of practical problems are being discussed.

The seminar covers the following topics:

1. Scope of VAT taxation, including foreign transactions

2. VAT taxable persons and tax representatives

3. Reverse charge mechanism for VAT

4. VAT liability

5. Place of supply in VAT

6. VAT taxable amount

7. Amount of taxation - VAT rates

8. VAT exemptions

9. The rules of making deductions of input tax, including the rules of making adjustments

10. Bad debts relief

11. The rules of making a VAT refund

12. Payment of tax

13. Additional tax liability

14. VAT registration rules

15. Declarations and recapitulative statements

16. Split payment mechanism

17. VAT documentation - invoices, records, cash registers,

18. Special VAT settlement procedures for small businesses

The current Goods and Services Tax Act and its implementing provisions, Directive 2006/112/EC and its implementing regulation (https://isap.sejm.gov.pl/)

Upon completion of the course, the student knows what risks are associated with VAT in connection with running a business and how to manage them. He or she knows the rules determining VAT taxation in running a business. The student knows the benefits and costs of voluntary registration for VAT purposes, the principles of VAT taxation as well as documentation and reporting obligations related to its settlement. He or she also knows the consequences - under the provisions of the VAT Act - of failing to fulfil tax obligations as regards VAT.

The student will be able to calculate the VAT liability, explain the basis of this calculation, apply VAT planning techniques to the enterprise and anticipate the tax consequences in this area in any potential business situations.

The student correctly identifies and resolves tax dilemmas in the area of VAT related to conducting business activity. The student is able to improve the acquired knowledge and skills so as to broaden it to the extent required by work. professional activities

To complete the course, the student has to pass a written exam. The exam is divided into two sections: Section A consists of 10 multiple choice questions, either theoretical or short calculations (each question is worth 1 point), and Section B consists of 3 open questions (each question is worth 10 points). The passing threshold is 50% (20 points).