VAT & Sales Tax Fundamentals
Learn how VAT and US-style sales tax really work: net and gross, multi-rate invoices, the VAT return, journal entries, partial exemption and reverse charge, all in a live spreadsheet.
The first lesson is free — no account needed.
About this course
A beginner VAT and sales tax course you practise in a live spreadsheet. You convert between net, VAT and gross, total multi-rate invoices, prepare a VAT return from output and input VAT, compare VAT with US-style sales tax, record VAT journal entries, split non-deductible input tax under partial exemption and self-account under the reverse charge. The rules are explained in general, international terms rather than for one country.