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

  • Date
    05-09 Nov 2018
  • Duration
    5 days
  • Price
    £3645 +VAT
Download course brochure

17th African School for International Financial Law

Boost your knowledge of lending, derivatives & project financing
  • This is a highly interactive and practical course covers a wide range of topics including international lending and project financing in five intensive days. The school, an essential tool for today’s international financial lawyer, focuses on the key legal issues and contractual framework governing many international financial transactions.

    Throughout the five days, lectures and workshop sessions will alternate, providing you with several opportunities to participate actively in documentation exercises and enhance your ability in solving practical problems, while equipping you with the knowledge to overcome the myriad of pitfalls in international financial law transactions. Prior to the course participants will receive a study pack, which is essential background reading for the course.

    Attend this five-day intensive training course and examine:

    • Covenants, events of default and other essential terms of a loan agreement
    • Key structural issues in secured lending, such as upstream guarantees and the use of SPVs
    • The circumstances in which Intercreditor Arrangements are required
    • Project finance and PPP structures
    • Risk identification and allocation in project finance
    • The bankability of Project Documents (Concession contract, construction contract O&M)
    • The essential terms of a project finance loan agreement
    • Security and sponsor support in project finance Working with international financial institutions
    • The different loan transaction structures, including revolving credit and multicurrency facilities
  • Day 1

    International Lending
    The most common structures of loan transactions

    • Single banks and syndicated loans
    • Term loans and revolving credit facilities
    • Single currency and multi-currency facilities
    • Loan and guarantee facilities
    • Secured and unsecured facilities
    Interbank markets
    • Interest period and interest rates
    • Match funding
    • Broken funding costs
    Common terms of the loan agreement
    • Administrative provisions
    • Representations
    Workshop: Part 1: Common expressions used in International Banking


    Examining the common terms of the loan agreement

    • Covenants
    • Events of default
    Workshop: Common terms of the loan agreement – Boilerplate provisions and tax
    • Indemnities
    • Set-off clause
    • Jurisdiction and governing law provision
    • Gross up clause
    Loan transfers

    Day 2

    Secured Lending
    Structural issues

    • Structural subordination
    • Upstream guarantees
    • Limitation on recourse
    • Use of spvs
    Security Documentation overview
    • Security
    • The right in rem
    • The undertakings
    • The application of funds
    • The due diligence
    Key legal issues
    • Governing law and jurisdiction
    • What courts have jurisdiction to deal with disputes in an international context
    • What law will be applied
    Clawback/unenforceability
    Due diligence

    Day 3

    Security on Contracts and Intercreditor Arrangements
    Security on Contracts

    • Commitments to inject capital
    • Put options, leases, offtake agreements and other contractual support
    • Contract assignments
    Intercreditor Arrangements
    • The circumstances in which an intercreditor is required
    • Subordination of debt and security

    Project Finance: Legal and Documentation Issues
    Introduction

    • What is project finance
    • PPP,PFI
    • Benefits
    • Issues
    Risk Identification and Allocation
    • The players and their risks
    • How are they allocated
    • Techniques of risk mitigation and avoidance
    Workshop: Preparation of a Risk Matrix

    Day 4

    Project Finance: Legal and Documentation Issues
    Project Documents

    • Analysis of the Concession Project Agreement
    • Construction Contracts
    • Operation and Maintenance Contracts
    • Offtake Agreements
    • Key issues of bankability
    Workshop: Risk allocation in a Desalination deal – Participants will be split into State, Developer and Bank teams.

    Day 5

    Project Finance: Legal and Documentation Issues
    The Project Finance Loan Agreement:

    • What differences with corporate finance?
    Non-recourse structures and exceptions
    Dealing with IFIs and Bilaterals
    Security packages

    Workshop: Challenges of African Project Finance

  • 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

  • John Crothers

    Biography

    John D. Crothers is a partner in the Paris office of Gide Loyrette Nouel. His practice concentrates on project finance, banking and privatisation in both the developing and developed world. John has advised international financial institutions, concession companies, operators, contractors and bidding consortia in infrastructure projects ranging from toll roads to IPPs, water treatment facilities and mobile telephony. Prior to joining Gide Loyrette Nouel, John was counsel to the EBRD in London and thus has indepth knowledge of how to work with IFIs. John is a member of the Bar in New York and Paris.
  • Sue Wright

    Biography

    Sue Wright is a solicitor with over 18 years experience in international banking transactions, including syndicated loans, subordinated debt, structured finance and tax driven transactions. She was a partner in the banking department at Norton Rose for 8 years and was responsible for training assistants at Norton Rose for 2 years. Sue has been highly recommended as one of the leading experts in her field by the Legal 500 and by Chambers. She was head of professional development at Herbert Smith and is now running an independent training consultancy, specialising in international banking.