1. When Can a Business Deregister for VAT?

• Registration thresholds and current SARS guidance.
• Voluntary cancellation versus ceasing to trade.
• Cancellation requirements under section 24 of the VAT Act.

2. Exit VAT: The Hidden Tax Liability

• Deemed supplies under section 8(2).
• Assets and rights included, exclusions and mixed-use assets.
• Calculating exit VAT using the lower of adjusted cost, including VAT, and open market value.
• Practical examples and common calculation errors.

3. Final VAT Return and SARS Procedures

• Final VAT201, unpaid supplier adjustments and outstanding input tax deductions.
• VAT123e, supporting documents and submission procedures.
• Effective cancellation date and obligations while awaiting cancellation.

4. Is Deregistration the Right Decision?

• Immediate exit VAT versus future compliance savings.
• Loss of input tax deductions and effects on pricing, margins and cash flow.
• Future capital expenditure and re-registration risk.

5. Tools, Templates & Case Studies

• Asset valuation schedule (Excel) 
• VAT deregistration calculator

This course is ideal for:

Tax Practitioners & Consultants, Accountants & Bookkeepers, Financial Managers & CFOs, Business Owners & Entrepreneurs, Auditors