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

Contract & Negotiation Masterclass

Learn about the legal issues surrounding contracts and negotiation
  • This full 5 day Contract and Negotiation Masterclass course is designed to identify common drafting errors, improve their writing and drafting skills and learn advanced negotiation skills in English.

    • Improve legal writing and contract drafting skills
    • Learn how to avoid common drafting pitfalls
    • Develop an effective communication style
    • Understand the structure and terms that are common to contracts in English
    • Learn advanced negotiation skills (for commercial matters and dispute resolution) in English
    • Strengthen your knowledge of complex contractual terms including indemnities, warranties and exclusion clauses
    • Refresh your knowledge of the law surrounding breach, termination and liquidated damages, enabling you to draft tighter provisions and ensure greater protection for your stakeholders
    • Review the latest developments in e-contract law


    Summary of Course Content

    • Writing legal opinions, correspondence memoranda and email
    • Drafting pre-contractual documentation
    • Drafting general contractual terms and specific clauses
    • Negotiation skills for lawyers
    • Tactics, techniques and personalities
    • Negotiating key clauses
    • Warranties, representations and entire agreement clauses
    • Liability risk protection including indemnities, exclusion and limitation of liability clauses
    • Remedial clauses and damages
    • Force majeure
    • E-contracts
    • Termination


    Delegates will receive

    • Style guide including sample emails, letters and contracts
    • Glossary of legalese, Latin phrases and legal terminology
    • Extensive course notes


    Methodology

    You will participate in class discussions and drafting exercises to reinforce your lecture and workshop experience. You will leave with the updated knowledge, confidence and familiarity with contracts required to tackle the most important aspects of commercial contract law.

  • Day 1: Making the contract
    Arun Singh


    Introduction

    • Structure of course
    • Expectations
    • Contract of group


    Formation of Contract

    • What is a contract?
    • Making a binding and enforceable contract
    • 6 components
    • Offer
    • Acceptance
    • Consideration
    • Deeds
    • Limitation periods


    Preliminary agreement forms

    • Memorandum of understanding 
    • Letter of intent 
    • Heads of Agreement
    • Term sheet 
    • Authority to proceed 
    • Scope of work 
    • Subject to contract


    Confidentiality agreements – drafting workshop

    • Purpose
    • Types of information they protect
    • Causes of breach
    • What information cannot be disclosed
    • Enforcement


    Warranties, Representations, Guarantees & Indemnities - Workshop

    • Definitions and identification
    • Pointers to distinguish and negotiation
    • Warranties
    • Representations 
    • Guarantees
    • Indemnities
    • Entire agreement clauses 

     

    Day 2: In-depth clause review
    Arun Singh


    Exclusions, Limitations of Liability, Liquidated and Ascertained Damages and Penalties

    • Liability for personal injury or death
    • Liability for late delivery, performance or similar
    • How to limit the maximum aggregate damages
    • Examples of limitation of liability clauses
    • Liquidated and ascertained damages

    Exclusions, Limitations of Liability, Liquidated and Ascertained Damages and Penalties – Workshop


    Force Majeure, Frustration and Economic Hardship

    • The concepts of force majeure and economic hardship
    • Doctrine of frustration
    • Changing circumstances and unforeseen events
    • Hardship clauses
    • Defining the events
    • Typical claims
    • The termination period
    • Re-execution/re-negotiating


    Direct, indirect damages and consequential loss

    • Types of damages
    • Damages for breach of contract
    • Back-to-back contracts
    • Physical damages
    • Costs and expenses
    • Waste
    • Loss of profit
    • Consequential losses and expenses


    Boilerplate – Sample Clauses and Pointers

    • Agency/partnership
    • Assignment and sub-contracting
    • Counterparts
    • Insolvency and bankruptcy
    • Communication notices
    • Set off
    • Severance clause
    • Waiver
    • Governing law & jurisdiction


    Day 3: Negotiation
    Arun Singh


    Introduction – Negotiation Essentials


    What is Negotiation?


    Framework for Negotiation


    Simulation


    Negotiation Objectives

    • Creating value
    • Maximising value
    • Claiming value
    • Examples of value


    Negotiation Strategy

    • BATNA
    • Reservation price
    • ZOPA


    Diagnostic – Know Your Dominant Negotiating Style – And Recognise Others Style – Broadening and Adapting Your Style


    Key Negotiation Behaviours

    • Listening
    • Asking questions
    • Body language
    • Direct and indirect communication
    • Negotiating face to face, by phone and by email


    Power, Interests and Positions


    Preparation – Developing a Scoring System


    Bargaining and Haggling


    Offers and Anchors 



    Day 4: Drafting
    Daphne Perry


    The preliminary stages and first draft

    • What is the transaction – the global view
    • What are your instructions?
    • Use of precedents and structure of the document


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


    Interpretation and implied terms

    • Records of negotiations
    • Information in background (recitals)
    • Strong and weak arguments
    • What is automatically implied?
    • What might be implied in the right contract?

    Practical exercise: Delegates will discuss how the rules on contract interpretation should affect their approach to negotiating sample terms.


    Good drafting habits: workshop

    Delegates will review contract terms, identifying how good drafting habits can save time and effort for the reviewer. We discuss:

    • What features of drafting make a document quicker and easier to read
    • The target users for delegates’ contracts
    • The most powerful ways to improve the users’ experience
    • Examples from decided cases, showing how these writing habits work in practice.

    Practical exercise: Delegates will review their earlier drafts, focusing on these drafting habits.


    Drafting pitfalls

    The group will discuss key areas where uninformed drafting could lead to unexpected results, including:

    • Promises to negotiate in good faith
    • Best endeavours
    • Indirect and consequential loss
    • Time of the essence
    • Definitions
    • Translating legal terms
    • Changing the governing law
    • Areas of agreement not reduced to writing



    Day 5: In-depth clause review
    Daphne Perry


    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
    • Termination triggers
    • Excluding or restricting termination rights
    • Termination for insolvency
    • Survival clauses


    Variation and transfer

    We review the law on changing and transferring contracts. Against this background, we identify the value and effect of provisions governing change and transfer.

    • Correcting mistakes
    • Variation: changing an agreement
    • Variation clauses
    • Assignment: transferring rights
    • Novation: transferring duties
    • Assignment clauses
    • Change of control


    Indemnities

    These clauses are complex, varied and often poorly drafted. We review the law and the correct drafting to ensure that the indemnity has the required legal effect. We practise reviewing and negotiating indemnity clauses. Topics covered include:

    • Indemnity against breach
    • Drafting to prevent new claims arising after many years
    • Does an indemnity give 100% recovery?
    • “Indemnify, defend and hold harmless”


    Closing quiz

    Delegates compete to apply points learned during the course and win a small prize through their new knowledge.


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

Instructor

  • Arun Singh

    As a former partner and Head of International Commercial Law at KPMG Legal, I specialise in international investment, joint ventures, M&A, energy, outsourcing and corporate governance.

    Biography

    Arun Singh is an international lawyer and consultant to an international law firm. He was formerly a partner and Head of International Commercial Law at KPMG Legal globally. He is cited and ranked in Chambers Guide of the World’s Leading Lawyers. He specialises in international investment, joint ventures, licensing of technology, R&D, M&A, energy, outsourcing and corporate governance globally. He has worked with clients such as Standard Chartered, Bank of China, KPMG, Motorola and more.He is a Visiting Professor in International Business, Leadership and Negotiations at Salford University Business School, Senior Associate of Oxford University’s Institute of Legal Practice, a Visiting Lecturer to Cambridge University and a Visiting Fellow to Leeds University Business School where he focuses on leadership, cross-cultural dynamics in international business and international trade and investment.He is the non-executive director of an international investment fund listed on the London Stock Exchange and Chairs another international investment company where he approves and selects investments, their acquisitions, sales and their structures.He was appointed an OBE by HM the Queen in January 1999 for services to international trade, investment and intercultural management.Arun is an editor and contributor to a number of publications, in April 2010 his book on Business and Contract Law was published by Thorogood.

Venue

London Marriott Hotel County Hall

This course will take place at the prestigious London Marriott County Hall Hotel.

We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Delegates are responsible for arranging their own accommodation. We have detailed our most frequently used training destinations in London on this map.

If you need help booking accommodation for your visit to our training courses, please contact accommodation@euromoney.com and our accommodation partner Helms Briscoe will help you get the best rate possible.