Reclaiming Your VAT
Reclaim the VAT on your Euromoney Training Courses in the UK
Why am I being charged VAT?
The EU VAT Directive stipulates that all training and educational courses that are provided in the UK must include a VAT charge on payment.
Can I reclaim my VAT back?
Overseas delegates who attend our courses in the UK are eligible to claim their VAT back once it has been paid.
How can I claim the VAT back paid on a course?
There are two ways in which you can claim back VAT back from the UK.
Option 1 - Directly through HM Revenue and Customs
The most cost-efficient way is to claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form.
For European clients, please refer to form VAT 65.
All other clients, please refer to form VAT 65A.
Option 2 - Through our Recommended VAT Reclaim Service – VAT IT
The specific rules for VAT reclaim will vary according to the laws of your country of residence. This can be complicated and time-consuming.
Euromoney have an exclusive partnership with VAT IT, specialists in international VAT reclaim. VAT IT will review, process and submit your VAT refund on your behalf.
VAT IT will charge a percentage of the VAT refund if/when it is successful.
If you want to find out more about this service, please email your details to: email@example.com
You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.
Chief Internal Auditor (CIA) Programme for Banking and Financial Services (BIBF)
The course will provide the Chief Internal Auditor with practical guidance aimed at enhancing their position and profile within their organisation, as well as the reputation and performance of their team.
The course will enable the Chief Internal Auditor to understand and develop attributes that demonstrate world-class performance, with particular emphasis on teamwork, relationships, innovation and the drive for continuous improvement.
The Chief Internal Auditor and his or her team are seen as key parts of the governance, risk and assurance framework and this course will also help the Chief Internal Auditor leverage the work of other assurance functions so as to present a more coordinated role in reporting to the relevant Board level committees (usually Audit and Risk) on strategic change and its impact on this framework.
The main people who would attend are:
- Chief Internal Auditors
- Senior Internal Audit Managers
- Audit Committee Chairs
- Chief Risk Officers
- Co-source Internal Audit partners and directors
• Course outline, format of the sessions, timetable and administration.
• Introduce the course instructor and the delegates and their backgrounds.
• Share challenges and experiences.
• Agree and prioritise the programme objectives.
The role and position of the Chief Internal Auditor
• The role of the Chief Internal Auditor and how this is perceived across a range of organisations. Review delegate and other example Role Profiles.
• Reporting to the Audit Committee, executive management and the Board.
Group Exercise: List and prioritise all key stakeholder relationships and discuss how (or whether) the Chief Internal Auditor should report in each case.
Reporting Lines for the CIA: sources of authority and how to maintain independence.
Group Exercise: Review sample IA Charters and Audit Committee charters
Annual Audit Planning and the Audit Universe:
• What is the CIA’s role in risk based annual and engagement audit planning
• What MI should the CIA and his/her team receive, rely on and use?
• Input from regulators, co-source partners, professional bodies and peers.
• Visibility at the “top table” and the relationship with the Audit & Risk Committees
• Operating within the traditional three lines of defence model
Group Discussion: Relationship building – tips and tricks. Examples of success stories and failures.
The IPPF and the Standards
• Relevance of the IIA’s international standards and the impact of recent changes.
• Preparing for an External Quality Assessment (EQA)
Case Study: External Quality Assessments (EQAs)
• How are they structured; what can we learn from the most common findings?
• The importance of having a Quality Assurance & Improvement Programme.
• Benefits and pitfalls of peer reviews and stakeholder feedback forms.
Attributes of a World Class Internal Audit function
• Definition of “world class” and how it can be applied to internal audit
• Views of the IIA, the professional firms and leading IA gurus
• Use of balanced scorecards and other KPIs to measure performance.
Case Study: To review a range of examples of measures/KPIs and their relative advantages and disadvantages.
IA – the resource and skills challenge
Ideas to help the CIA build a more effective team structure with access to the required breadth and depth of skills, including access to co-source resources and skills.
Global hot spots for internal audit in 2018
• Views of the IIA and the major global consulting firms
• Increasing focus on key areas such as Culture, Conduct and Cyber.
Writing for Impact – tips and tricks for quicker and more impactful reporting.
Case Study: Reviews of example IA reports and discussion of key features:
• Opinions and conclusions
• Report and issue gradings
• Ownership of issues and actions
• IA summary reports to the Audit Committee.
Auditing Change Projects
• IA’s critical role in projects or initiatives that are key to organisation’s objectives.
• Benefits and pitfalls of being involved early. The challenge of being asked to “sign off”. The role of post mortems and how to really “learn lessons”.
Case Study: Using a real life example of a major systems implementation, some typical issues and challenges and an innovative reporting approach.
Building a more effective and efficient Internal Audit team
How to achieve “more with less”. Examine the impact associated with good practice examples of more efficient IA operations and the role of technology to help delivery. Includes discussions, examples and guidance on using Data Analytics, Assurance Maps, Control Risk Self-Assessment and “Agile auditing”.
• Summary of main areas covered during the programme
• Key sources of guidance and how to keep up to date with developments
• Questions and aspects for further discussion
• Course Evaluation by participants and close.
Our Tailored Learning Offering
Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.
If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.
We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.
We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.
We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:
- Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
- Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
- Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
- Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
- Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product
David AlexanderAs a Professor of Accounting at the University of Birmingham Business School England, I pride myself on demystifying key concepts and practices in financial accounting while linking them with contemporary and real-world examples from Europe and beyond.
BiographyThe course instructor is a respected Head of Internal Audit with over thirty years’ experience in internal audit and risk management, gained from executive assurance and consulting roles with a range of major organisations. David has worked as Head of Internal Audit for several large financial services firms, including HSBC, Kleinwort Benson, Coutts, Benfield and Catlin. He has also led a series of co-sourcing and quality assessment assignments during his time at PwC, and held a Senior Management position at Deloitte earlier on in his career.David has experience having led large and small audit teams; from over 100 staff based in multiple locations around the world, to creating audit and risk teams from scratch. He has most recently undertaken a series of interim Head of Internal Audit roles; hitting the ground running in situations that needed immediate care and attention.David currently works as a consultant and trainer on various aspects of assurance. This includes external quality assessments of internal audit functions and advice on governance and regulatory issues, particularly in financial services. He is an experienced trainer and presenter on many topical aspects of internal audit, such as integrated assurance, regulation and the relationships with the Audit Committee and the Board. David is a Chartered Accountant and has worked closely with all the major and mid-tier consulting firms, as well as the Chartered Institute of Internal Auditors, and holds regular dialogue with regulators such as the PRA, the FCA and Lloyd’s of London.