Course detail
Value added tax
FP-UdphKAcad. year: 2019/2020
The course is focused mainly on value added tax (VAT). The purpose of this course is to familiarise students with the basic terminology and methods, as well as the principles relating to the laws of VAT together with other legal regulations and rules associated with this law, which are necessary for applications of the value added tax law, both in the EU and elsewhere.
Language of instruction
Czech
Number of ECTS credits
6
Mode of study
Not applicable.
Guarantor
Department
Learning outcomes of the course unit
Students will be made familiar with the basic terminology of VAT law. They will know how to set the tax base and the place of taxable fulfillment and how to consider a day of implementation of taxable fulfillment in particular examples. Students will be able to apply this knowledge within the EU.
Prerequisites
Students are expected to have knowledge of natural person income tax and corporate income tax, and be familiar with accounting and book-keeping
Co-requisites
Not applicable.
Planned learning activities and teaching methods
The course contains lectures that explain basic principles, problems and methodology of the discipline, and exercises that promote the practical knowledge of the subject presented in the lectures.
Assesment methods and criteria linked to learning outcomes
The course-unit credit is conditional on the following:
1. Active attendance at seminars where student will practise various different practical methods of calculating Tax.
2. Successful completion of a credit test – and a minimum 50 % completion of given coursework.
Conditions for passing an exam: Student has to demonstrate his/her knowledge acquired in the course and apply it in practice (in particular, determining the place of performance, the determination of the chargeable event, the definition of the tax base, knowledge of various types of exemptions and entitlements without the right to deduct, the correct definition of the tax base, calculation of the ratio and the coefficient krátího including their practical use, usability partial and repeated performance, conditions for entitlement to deduct including the necessary specific types of tax documents, knowledge application Presente tax, etc).
Form of examination: Combined – written exam followed by an oral examination if necessary.
1. Active attendance at seminars where student will practise various different practical methods of calculating Tax.
2. Successful completion of a credit test – and a minimum 50 % completion of given coursework.
Conditions for passing an exam: Student has to demonstrate his/her knowledge acquired in the course and apply it in practice (in particular, determining the place of performance, the determination of the chargeable event, the definition of the tax base, knowledge of various types of exemptions and entitlements without the right to deduct, the correct definition of the tax base, calculation of the ratio and the coefficient krátího including their practical use, usability partial and repeated performance, conditions for entitlement to deduct including the necessary specific types of tax documents, knowledge application Presente tax, etc).
Form of examination: Combined – written exam followed by an oral examination if necessary.
Course curriculum
A brief description of lectures:
- Defining basic terms, e.g. persons and companies obligation to pay tax, VAT payer and not-VAT-payer, persons and companies registered for VAT and identified for VAT, output and input tax, tax liability.
- Registration for VAT, deduction during the registration, canceling the registration and liability to cope the tax.
- VAT – tax base, economic activity, taxable fulfillment, exercises on different kind of persons.
- Setting a day of implementation of taxable fulfillment by delivering goods or services and transferring a conveyance of estate property + some special examples (partial and repeated fulfillments, wending machines, energy consumption etc.) and also within the EU.
- VAT – setting a place of taxable fulfillment by delivering goods or services and transferring a conveyance of estate property + some special examples in services within the EU.
- VAT – assessment of tax base and the tax rate for different kinds of tax fulfilment.
- Tax documents and their appendage.
- VAT – exempt fulfilments with claim tax deduction.
- VAT – exempt fulfilments without claim tax deduction.
- VAT – fiscal evasion on input by coefficient – calculation of coefficient and year compensation.
The seminars will be focused on practising the lectured topics and elaboration of case studies.
- Defining basic terms, e.g. persons and companies obligation to pay tax, VAT payer and not-VAT-payer, persons and companies registered for VAT and identified for VAT, output and input tax, tax liability.
- Registration for VAT, deduction during the registration, canceling the registration and liability to cope the tax.
- VAT – tax base, economic activity, taxable fulfillment, exercises on different kind of persons.
- Setting a day of implementation of taxable fulfillment by delivering goods or services and transferring a conveyance of estate property + some special examples (partial and repeated fulfillments, wending machines, energy consumption etc.) and also within the EU.
- VAT – setting a place of taxable fulfillment by delivering goods or services and transferring a conveyance of estate property + some special examples in services within the EU.
- VAT – assessment of tax base and the tax rate for different kinds of tax fulfilment.
- Tax documents and their appendage.
- VAT – exempt fulfilments with claim tax deduction.
- VAT – exempt fulfilments without claim tax deduction.
- VAT – fiscal evasion on input by coefficient – calculation of coefficient and year compensation.
The seminars will be focused on practising the lectured topics and elaboration of case studies.
Work placements
Not applicable.
Aims
The aim the course is for students to master the theoretical aspects and methodology for accurate calculation in practical examples of Value Added Tax (VAT). Students will learn how to apply gained knowledge to practical examples by solving simple, as well as more difficult situations within the VAT law.
Specification of controlled education, way of implementation and compensation for absences
Monitoring of students’ individual work on assigned tasks. In case of an excused absence from seminars, tutors may set additional conditions or coursework if appropriate, generally elaboration of partial written exercises.
Recommended optional programme components
Not applicable.
Prerequisites and corequisites
Not applicable.
Basic literature
Zákon o dani z přidané hodnoty č.235/2004 Sb.v platném znění
Zákon o dani z příjmů fyzických a právnických osob č. 586/1992 Sb. v platném znění
Zákon o účetnictví č- 563/1991 Sb. v platném znění
Zákon o dani z příjmů fyzických a právnických osob č. 586/1992 Sb. v platném znění
Zákon o účetnictví č- 563/1991 Sb. v platném znění
Recommended reading
Not applicable.
Classification of course in study plans
- Programme BAK-KS Bachelor's
branch BAK-UAD-KS , 3 year of study, winter semester, compulsory
Type of course unit
Guided consultation in combined form of studies
20 hod., optionally
Teacher / Lecturer
Syllabus
Thematic content of the course:
1. Description of basic terms – e.g. taxable persons, VAT payers and non-payers, persons registered for tax, persons identified for tax,
2. Input tax, output, tax liability, general and new means of transport, leasing, tangible and intangible fixed assets, technical improvements – their significance in VAT,
3. Definition of turnover, its application in various cases of VAT,
4. VAT registration, deduction in payer registration,
5. Cancellation of VAT registration and the duty to settle tax
6. VAT – tax subjects, economic activities, taxable transactions, examples from various types of person.
7. Determining the date of a transaction in the delivery of goods, providing services and real estate transfer + selected special cases (partial and repeated transactions, vending machines, energy consumption etc.) and that also within the EU countries.
8. VAT – determining the place of transaction when delivering goods, providing services and real estate transfer + several special cases in services and that also within the EU countries.
9. VAT – determining the tax base and tax rates for various types of taxable transaction.
10. Types of tax document and their essentials.
11. VAT – exempt transactions with deductibility of input tax
12. VAT – exempt transactions without deductibility of input tax
13. VAT – reduction of input tax by coefficient – method for calculating the coefficient and annual settlement
1. Description of basic terms – e.g. taxable persons, VAT payers and non-payers, persons registered for tax, persons identified for tax,
2. Input tax, output, tax liability, general and new means of transport, leasing, tangible and intangible fixed assets, technical improvements – their significance in VAT,
3. Definition of turnover, its application in various cases of VAT,
4. VAT registration, deduction in payer registration,
5. Cancellation of VAT registration and the duty to settle tax
6. VAT – tax subjects, economic activities, taxable transactions, examples from various types of person.
7. Determining the date of a transaction in the delivery of goods, providing services and real estate transfer + selected special cases (partial and repeated transactions, vending machines, energy consumption etc.) and that also within the EU countries.
8. VAT – determining the place of transaction when delivering goods, providing services and real estate transfer + several special cases in services and that also within the EU countries.
9. VAT – determining the tax base and tax rates for various types of taxable transaction.
10. Types of tax document and their essentials.
11. VAT – exempt transactions with deductibility of input tax
12. VAT – exempt transactions without deductibility of input tax
13. VAT – reduction of input tax by coefficient – method for calculating the coefficient and annual settlement