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: euromoney@vatit.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.

RECLAIMING YOUR VAT WITH VAT IT

Course details

Download course brochure

Treasury Products Workshop

Discover what leads to successful treasury management today
  • The course will demonstrate cash treasury products and derivative products, including:

    • Description and definition of each product
    • How the product price is arrived at
    • Market jargon and terminology
    • Product applications and uses
    • Risk factors of using products
    • Key product strategies
    • Product marketing and selling characteristics
    • Product marketing case studies and role-play

    Course overview


    Sound treasury management ultilises the right financial products to manage risk, capitalize cashflow and minimise debt financing. This 4-day programme will therefore provide you a comprehensive understanding of the products used by banks and corporate treasuries in today's successful treasury management, an insight into the best borrowing sources and investments and when and how to use them, together with an insight into the essential processes to the smooth day-to-day running of your insitution's finances. The course also provides an overview of the structure and key functions of the treasury and how to implement a robust risk management strategy to weather today's tough market conditions.

    Methodology

    • The programme uses traditional tried and tested techniques including lectures, worked examples, realistic case studies and role-plays
    • The programme is designed to show the products in a highly practical way, without overcomplication and with clear illustrations so that participants may really understand key concepts
    • Comprehensive product notes are provided for future reference
  • Day 1

    Introduction to Aircraft Finance

    • What makes it so different?
    Who are the different players in the market?
    • Financial institutions
    • Operating lessors
    • Scheduled and charter airlines
    • Manufacturers
    • Insurance companies
    Introduction to Common Financing Tools
    • Secured Loans
    • Operating and Finance Leases
    • Residual Value Guarantees
    • Securitisation Products
    • Tax Leases
    • Export Credits
    Overview of the Basic Legal Documentation
    • Purchase Agreement
    • Loan, Lease, Mortgage
    • Assignment of Lease
    • Assignment of Insurances
    Ownership, Different types of leases and similar instruments
    • How do you decide what type of lease you want?
    • Operating leases and finance leases
    • Hire purchase agreements
    • Sale and leasebacks
    • Tax Leases
    Overview of the Contents of a Lease
    • Why the different clauses are there and what they seek to achieve?
    • Covenants and Conditions Precedent
    • Examination of those that are specific to aircraft finance transaction
    • Maintenance, Operations and Return Condition
    Sub-Leasing
    • Why might a lessee want to sub-lease an aircraft?
    • What concerns might a bank have if a lessee requests the right to sub-lease an aircraft
    Exercise
    • How can these be reconciled?

    Day 2

    Insurances: The Contractual Provisions
    • Indemnities
    • What is a contract of insurance?
    • The rights of a creditor relating to a contract of insurance
    Insurances: The Policy
    • A practical review of the actual contents of an insurance policy, its terms and their impact and consideration of how the policy and the insurance clauses have been affected by world events.
    Security
    • Mortgages and other types of security
    • Aircraft Mortgages
    • A comparison of different jurisdiction and international conventions
    • Taking security over the aircraft, its engines and constituent parts
    • Other Liens
    • Compared to rights of mortgagee
    Ownership rights
    • Compared to rights of a mortgagee
    • Worked example on the rights of owners & mortgages on an airline’s default
    The Cape Town Convention

    Day 3

    Cross-border leases
    • Why they are done
    • Spcs: different kinds and when they are used
    • Insolvency Proofing
    Withholding Taxes
    • What they are
    • Double Tax Treaties
    • Solving potential problems
    • Legal strategy
    • Dealing with issues arising from a multiplicity of jurisdictions
    • Legal opinions: what really matters
    Structuring a Tax Lease
    • What is a tax lease?
    • What are the parties’ objectives and how can they be achieved?
    • Introduction to a common defeasance structure
    • What are the concerns of the finance parties and how can they best be addressed?
    Workshop
    • Combining the requirements of parties to a transaction: how to structure a deal so that everyone’s concerns are dealt with.

    Day 4

    Residual Value Guarantees
    • What they are
    • How they interact with the lease documents
    • Structuring a synthetic operating lease
    Workshop: Matching the requirements of a residual value guarantor with those of a lender.
    Export Credits
    • What are export credit agencies, what support do they give and what are their requirements in aircraft finance transactions?
    • How can export credit facilities be combined with other structures – tax leases
    Workshop: What issues arise when taking security over a purchase agreement?
    Pre-Delivery Payment Facilities
    • How to structure a PDP facility
    • What security is available for Lenders to a PDP facility?
    Capital Markets
    • What products are available on the market
    • What are the concerns of an airline?
    • EETCs: what they are and how they are structured
    • How they can be combined with other structures
    • ECA wraps
    • Lease portfolio securitisations
    Workshop: Identifying and solving problems in complicated aircraft finance transactions.

  • 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.

    Our Tailored Learning Offering

    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
This course can be run as an In-house or Tailored Learning programme

Instructors

  • Paul Kitching

    Biography

  • Paul Kitching

    Having spent 10 years leading Barclays' Debt Capital Markets team and 12 years as chair of ICMA’s Legal & Documentation Committee, I combined commercial, technical, and legal perspectives to deliver practical learning experiences.

    Biography

    The Course Director was the Strategic Development Manager at the London International Financial Futures Exchange (LIFFE), where he was responsible for the research and definition of new specialist swap and risk transfer contracts. Prior to this, he was Head of Interest Rate Product Development with responsibility for the maintenance of the existing product range and the development of new products. He began his career with Ernst & Young and Grant Thornton as a tax specialist, before moving into corporate treasury management at Royal Mail where he was project leader for a treasury and risk management group. In this role he developed risk management protocols and procedures for the use of derivative products. He was responsible for recommending the optimal combination of product types and features for a wide range of situations. Following the completion of a quantitative finance masters degree, he became senior lecturer in Corporate Finance and Taxation at the University of Greenwich. He is a visiting lecturer to Cass Business School on their Executive MBA programme. He is a panel member for the Securities Institute, a member of the Association of Corporate Treasurers and an associate of the Institute of Taxation.
  • Thierry Fuller

    Biography