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Euromoney Learning On-Demand

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VAT on Virtual and Online Programmes

VAT is applicable on virtual programmes to delegates attending from the UK*. If participating from the EU, a valid VAT number is required to ensure VAT will not be charged under the reverse charge mechanism. VAT is not applicable to attendees from all other countries.
*For virtual courses ran through our Asia office, VAT may be applicable to HK and Singapore residents only. Find out more by contacting


Claiming Back Your VAT

All attendees of a London based course incur VAT as a part of the cost of attendance.

Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.

Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.

Claim the VAT that's rightfully yours in four simple steps:

1. Register your interest

2. Sign a few simple documents

3. VAT IT processes your claim

4. Receive your refund

Why choose VAT IT 

VAT IT have spent two decades identifying, researching and perfecting the foreign VAT Reclaim process and built the best back end technology in the industry. By partnering with Euromoney Learning, we can provide you with a fast and effective way to reclaim your VAT which helps reduce the cost of your training.

VAT IT will charge a percentage of the VAT refund if/when it is successful. 

Can I claim back the VAT myself?

You can 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.


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.

Banking Fundamentals Academy

  • The Banking Fundamentals Academy is made up of 3 individually bookable modules

    Banking Fundamentals Academy: 1 - Banking Products and Services

    Banking Fundamentals Academy: 2 - Corporate Banking

    Banking Fundamentals Academy: 3 - Transaction Banking


    A foundation-level programme to provide participants with an introduction to financial markets and the banking industry. The course will provide insight into the financial system, the structure and role of a bank, funding of a bank and how banks generate income. 

    In addition, the programme will provide insight into the range of products, services and solutions offered to corporate customers.

    Finally, the programme will give a robust introduction to the fundamental elements of cash management, securities services and international trade services offered by a bank. 

    This is a fast-paced course that covers material in a highly interactive way.

    Each session will involve case studies and exercises designed to increase participant engagement and cement the key points from the session.


    After completing this course, participants will understand:

    • The role, organisation, structure of financial markets and a bank.
    • How banks make money and differentiate interest from non-interest income.
    • The structure of a bank’s balance sheet and outline why it differs from a corporate balance sheet.
    • Why liquidity, capital, and regulation are of critical importance to a bank.
    • Understand the structure of a corporate, strategic and reputational risk.
    • Review the nature of a corporate’s financial statements and annual report.
    • Discuss the various financing solutions both short-term and long-term available to a corporate.
    • Examine the techniques of credit analysis and credit pricing.
    • Be able to define the role and structure of a corporate treasury function.
    • Understand the risks and benefits of liquidity management services.
    • Know how to explain the role of a correspondent bank and the services offered.
    • Be able to explain the payment and collection services offered by a bank.
    • Understand the role of a bank in the process of clearing, settlement, and safekeeping.
    • Examine the nature of international trade and the structure of trade finance service offered by a bank.
    • Define the trade finance banking solutions available to a corporate customer, such as documentary collections and letters of credit.
    • Will gain confidence in conducting both customer and internal meetings in an informed and professional manner.


    Who should attend this course?

    Newly recruited staff within, client-facing, middle office, or back-office functions. Those within legal, compliance, financial control functions, or HR functions.

    Prior Knowledge

    None required

  • The Banking Fundamentals Academy is made up of 3 individually bookable modules and you can read the full course agendas by clicking on the invidual modules on the Oveview tab or below. 

    The Banking Fundamentals Academy is made up of 3 individually bookable modules

    Banking Fundamentals Academy: 1 - Banking Products and Services

    Banking Fundamentals Academy: 2 - Corporate Banking

    Banking Fundamentals Academy: 3 - Transaction Banking

  • 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 – 10/10 of the world’s largest banks have chosen us as there training provider and we have delivered training across the largest banks and have trained over 25,000 professionals.
    • Knowledge – our 100+ 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 25,000 events both in person and online, using simultaneous translation to delegates from over 99 countries.
    • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 4.2/5 on service and 4.7/5 on Coursecheck
This course can be run as an In-house or Tailored Learning programme


  • Stephen Cosham


    Steve is a seasoned financial training professional with over 21 years of international experience having to date trained in 37 countries. He has been responsible for structuring, writing, and delivering financial training to commercial banks, investment banks, supranational entities, regulators, and universities. Steve has trained extensively in the Middle East, most recently in Abu Dhabi and Saudi Arabia where he delivered multiple programmes on a range of financial topics including retail banking, corporate banking, capital markets, derivatives, and trade finance. Steve has written distance learning programmes relating to financial markets and transaction banking in in association with several academic institutions.  Steve is a Fellow of the London Institute of Banking & Finance. Before his training career, Steve had 23 years of banking experience, 14 years of which were overseas.  His banking career began in 1975, at NatWest working both within the branch network and Financial Control. In 1979, he accepted an RAF commission training as a pilot. Steve returned to banking in 1982 with the MB Group of Marine Midland Bank, (now HSBC), moving to New York in 1984 to establish a trading desk for syndicated loans. Later as Director assuming responsibility for the liquidation of the EM portfolio for the HSBC group.  In 1990, he joined Citibank, on the EM sales desk. He transferred to Hong Kong in 1992 establishing an Asian EM sales desk. Later, as a managing director, he assumed responsibility for security sales in North Asia. He returned to London in 1998, managing the EM market syndicate desk at Citigroup.