VAT & Research
Description
This session provides you with a simple overview of the basics and how VAT applies to Research Grants including;
- How to establish the correct VAT rate to attribute to an award when it is set up in CUFS
- Why it is so important
- How the VAT rate attributed affects expenditure subsequently coded to the grant
Target audience
Departmental staff
Objectives
- An introduction to the principles of VAT
- VAT on Income & Expenditure
- VAT Savings the University has achieved
- The significance of Corporation Tax
Aims
To have a better understanding of VAT works within research grants and what items could or should have VAT charged on them.
Format
Presentation only
Duration
One session of two hours.
Events available