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:  

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.


Course details

Download course brochure

English Contract Law & Drafting

Learn legal & drafting issues when negotiating commercial contracts
  • This course focuses on the legal and drafting issues that arise when you negotiate an international commercial contract under English law. We look at negotiations “subject to contract” and “without prejudice”, precontract agreements, the “boilerplate” clauses found in every international agreement, clauses to end the contract or limit liability, entire agreement and third party rights. In each case we explain the legal concepts underlying the drafting and discuss how these affect the practical work of writing, understanding and amending contract terms. On the last day of the course, delegates discuss practical drafting techniques and practise drafting and reviewing contract terms.

    This is a highly interactive training course, with discussions, exercises and examples based on real contracts. For those who learned their English contract law a while ago, the course provides a structured and practical refresher. For others, it gives a concentrated but accessible introduction, leaving participants better able to handle English-law contracts.

    If you are not an English lawyer, but work with English-law contracts, this is a course you cannot afford to miss.

    "I really enjoyed this course" - Past attendee, Qatar Petroleum

    A practical and interactive training course focused on:
    • The essential elements of an English law contract
    • Contract interpretation, including literal meanings and the latest law
    • Implied terms, termination clauses and limiting liability
    • Drafting pre-contract agreements
    • How best to avoid ambiguity in contract drafting
    • How to read, interpret and simplify complex clauses
    • Drafting pitfalls, including key areas where uniformed drafting can lead to unintended results
  • Day 1

    Sources of English contract law

    We review the origins of English contract law in cases and statutes. Topics covered include:
    • Sources of English law
    • What is the point of citing cases?
    • Where can you find current English law?
    • Advantages and drawbacks of English law for international contracts.
    • Making the contract
    • Essential elements of an English contract
    • Negotiations “subject to contract”
    • Formal requirements 
    • Informal contracts
    • Standard terms and the “battle of the forms”
    Contract interpretation

    We review the latest law on contract interpretation, including:
    • The modern approach
    • Business sense
    • Literal meaning
    • Older rules and maxims of interpretation (eiusdem generis, contra proferentem, expressio unius)
    • Implied terms

    We review the modern approach to finding implied terms, including:

    • Terms implied as obvious or necessary
    • Making business sense of the agreement
    • Interaction between express and implied terms
    • Statutory implied terms
    • Can you exclude implied terms?

    Day 2

    Understanding boilerplate

    We review common clauses in commercial agreements, identifying their purpose, commercial value, and possible negotiating points. Clauses considered include:
    • Governing law, jurisdiction and arbitration
    • Time of the essence
    • Third party rights
    • Force majeure
    • Severance
    • Further assurance
    • Notice and service of process
    Pre-contract agreements

    We discuss the duties arising during negotiations, and the contract clauses developed to modify or add to these, including:
    • Letter of comfort
    • Heads of terms / memorandum of understanding
    • Lock in / lock out clauses
    • Confidential disclosure agreement
    • Side agreement.
    Termination clauses

    We review termination rights arising by operation of law, and the effect of termination. Against this background, we discuss the need for and effect of contractual termination provisions. Topics covered include:
    • Termination on reasonable notice
    • Termination for breach
    • Excluding or restricting termination rights
    • Termination for insolvency
    • Survival clauses.
    Limiting liability
    • Limitation of liability
    • Risk assessment and drafting exclusions
    • Indirect and consequential loss
    • Gross negligence and deliberate fault.
    • Drafting issues around caps on liability.
    Drafting pre-contract documents
    • Confidentiality agreements
    • Memorandum of agreement
    • Heads of terms
    • Letters of intent/authority to proceed
    Drafting contracts – the preliminary stages and first draft
    • What is the transaction – the global view
    • What are your instructions?
    • Top tips for avoiding ambiguity in contract drafting
    • “Shall” and “will”
    • Drafting time limits
    • Use of precedents and structure of the document
    Practical exercises: Delegates will write a first draft of a short agreement.

    Reading, interpreting and amending the received draft
    • Ensuring negotiated points are included in the agreement
    • Reading, interpreting and simplifying complex clauses
    •  Effective communication of the issues
    • Upward reporting
    • Drafting amendments

    Practical exercises: Delegates will review a set of terms, identify changes needed and draft their suggested changes.

    Drafting pitfalls

    The group will discuss key areas where uninformed drafting could lead to unexpected results, including:
    • Promises to negotiate in good faith
    • Promises to use best endeavours
    • Definitions
    • Translating legal terms
    • Changing the governing law
    • Areas of agreement not reduced to writing

  • 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


  • Daphne Perry

    After I graduated from Cambridge University, I practised as a barrister in the English courts, specialising in commercial disputes for 12 years. I much prefer teaching to fighting lawsuits!


    Daphne Perry practised for 12 years as a barrister specialising in general commercial litigation until 1997, when Chambers & Partners ranked her in the top 11 juniors for commercial work in London. She then supported litigators at Denton Wilde Sapte for another 12 years with training, current awareness, know-how and precedents. Experienced in plain language legal draft ing and editing, she is quoted in the Law Society’s textbook “Clarity for Lawyers” and is a committee member of Clarity, the international association for plain language in the law. As Denton Wilde Sapte’s plain language co-ordinator, for 3 years she supported their plain language service, liaising with other lawyers across the fi rm and with non-lawyers in training, business development and IT.


New York

"This programme takes place on a non-residential basis at a central New York hotel. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.

You can take a look at some of our recommended hotels on this map. If you need help booking accommodation for your visit to our training courses, please contact and one of our partners will help you get the best rate possible."