deregister for VAT(compulsory)and when a person may register or deregister for VAT (voluntary). 2.Recognise the circumstance in which pre-registration input VAT can be recovered. 3.Explain the condition that must be met for two or more companies to be treated as a group for VAT purpose,and the consequences of being so treated. 4.Calculate the amount of VAT payable/recoverable. 5.Understand how VAT is accounted for and administered. 6.Recognise the tax point when goods or services are supplied. 7.Explain and apply the principles regarding the valuation of supplies. 8.Recognise the principal zero rated and exempt supplies. 9.Recognise the circumstances in which input VAT is non-deductible. 10.Recongise the relief that is available for impairment losses on trade debts. 11.List the information that must be given on a VAT invoice. 12.Understand when the default surcharge,a penalty for an incorrect VAT return,and default interest will be applied 13.Understand the treatment of imports,exports and trade within the European Union. 14.Understand the operation of,and when it will be advantageous to use, the VAT special schemes. 15.Cash accounting scheme. 16.Flat rate scheme. 英国增值税指英国政府对消费品和劳务课征的一种间接税。它始征于1973年， 用以代替以前的购买税和有选择的分行业的就业税。征收范围涉及到工业、农业、商 业批发与零售及服务业。纳税人是供应应税货物和提供应税劳务并按照法令办理纳税 登记的个人、合伙企业、社团或公司等。增值税已经成为中因最主要的税种之一，增 值税的收入占中国全部税收的60%以上，是最大的税种。增值税由国家税务局负责征 收，税收收入中50%为中央财政收入，50%为地方收入。进口环节的增值税由海关负责 征收，税收收入全部为中央财政收入。通过对中西增值税体系不同的比较，增进对我 国国情的了解，增强中国特色社会主义文化制度自信。 British value added tax refers to an indirect tax imposed by the British government on consumer goods and services.It was first levied in 1973 to replace the former purchase tax and the selective employment tax in different industries.The scope of levy covers industry,agriculture,commercial11 deregister for VAT (compulsory) and when a person may register or deregister for VAT (voluntary). 2.Recognise the circumstance in which pre-registration input VAT can be recovered. 3.Explain the condition that must be met for two or more companies to be treated as a group for VAT purpose, and the consequences of being so treated. 4.Calculate the amount of VAT payable/recoverable. 5.Understand how VAT is accounted for and administered. 6.Recognise the tax point when goods or services are supplied. 7.Explain and apply the principles regarding the valuation of supplies. 8.Recognise the principal zero rated and exempt supplies. 9.Recognise the circumstances in which input VAT is non-deductible. 10.Recongise the relief that is available for impairment losses on trade debts. 11. List the information that must be given on a VAT invoice. 12.Understand when the default surcharge, a penalty for an incorrect VAT return, and default interest will be applied. 13.Understand the treatment of imports, exports and trade within the European Union. 14. Understand the operation of, and when it will be advantageous to use, the VAT special schemes. 15.Cash accounting scheme. 16.Flat rate scheme. 英国增值税指英国政府对消费品和劳务课征的一种间接税。它始征于 1973 年， 用以代替以前的购买税和有选择的分行业的就业税。征收范围涉及到工业、农业、商 业批发与零售及服务业。纳税人是供应应税货物和提供应税劳务并按照法令办理纳税 登记的个人、合伙企业、社团或公司等。增值税已经成为中国最主要的税种之一，增 值税的收入占中国全部税收的 60%以上，是最大的税种。增值税由国家税务局负责征 收，税收收入中 50%为中央财政收入，50%为地方收入。进口环节的增值税由海关负责 征收，税收收入全部为中央财政收入。通过对中西增值税体系不同的比较，增进对我 国国情的了解，增强中国特色社会主义文化制度自信。 British value added tax refers to an indirect tax imposed by the British government on consumer goods and services. It was first levied in 1973 to replace the former purchase tax and the selective employment tax in different industries. The scope of levy covers industry, agriculture, commercial