Virtual Training Course

Perform Value Added Tax Calculations and complete returns (SAQA US ID 114735) - VT

Pricing done as per Calendar (per person, per day)

2 DAYS

Click here to book this training as an In-House course

Attendance at this seminar will secure 13 hour/s verifiable CPD points
incl. other professional bodies (SAICA, SAIBA, ACCA, IACSA & etc)

This Course is not part of the MUS Subscriber discount structure.


WHEN PRICE (INCL.) DETAILS ACTION

Overview:

An engaging learning platform is provided which will have delegates participating on an interactive level with each other and the facilitator. A safe learning environment is created whereby delegates will be introduced to useful interactivity tools such as tests, polls, breakouts and both audio and visual engagement activities. These tools will support the delivery of theory and understanding of the necessary principles of the course on a practical level. On registration, all relevant course material and information will be made available online. This course is intended for delegates (staff) who are involved in performing VAT calculations for reporting purposes as well as for the completion of VAT returns for submission purposes. It is also relevant for those who would like a reminder of the basic concepts and principles of the Vat legislation. The course assumes no prior knowledge. Practical application of the concepts and principles of the VAT Act will be practiced by means of activity sheets contained in a Portfolio of Evidence (PoE) file. The PoE file contains all the detail instructions and activity sheets to enable the delegate to understand exactly what is required. By submitting the PoE for assessment, the delegate will be assessed on the ability to apply these concepts and principles on a practical level. By attending and completing the PoE file (activity sheets), this course will count towards verifiable CPD. On successful completion of activity sheets, a certificate of competence, as well as a formal assessment report will be issued. This certificate is registered on the NQF, is accredited, and will lead to credits being awarded. Language of instruction: English


Course Objectives:

The objective of the course is to teach delegates the principles and concepts of value added tax in a practical way and to reduce the risk of VAT errors made by staff members. The following course outcomes are listed below: Understand and apply the current rules and rates of VAT The reasons behind the introduction of VAT The effect of VAT on small businesses, customers and the country is explained using examples that illustrate the advantages and disadvantages The rules and rates relating to VAT applied to the transactions of a small business. Calculate Value Added Tax VAT output and input tax is calculated in accordance with current VAT rules from gross figures VAT procedures applied to cash discounts and trade discounts Invoices produced using VAT calculations correctly Set up and maintain VAT records VAT transactions recorded and kept according to organisational and bookkeeping practices Adequate and accurate sources of information to be obtained for the completion of VAT returns Complete VAT returns for both cash and credit transactions VAT returns completed using the records of VAT transactions to calculate the necessary entries Other course benefits include: professional skills development (writing and reporting skills) drafting recommendations which are reasonable and relevant time management critical and strategic thinking individual feedback by the facilitator.


Course Content:

The course content and delivery method is based on the following approach: Day 1 a) The relevant concepts and principles of the VAT Act will be presented and discussed in class with examples b) Delegates will receive additional information and examples to participate in group discussions, using the virtual engagement tools. Day 2: a) Involve the completion of activity sheets b) Time will be provided during the course day for delegates to complete a section of each of the activity sheets c) The remainder of the activity sheets will have to be completed after the course day (please allow one working day to complete all activity sheets: +/- 7 hours) d) Additional information in the form of a course book will be provided to complete the examples and practise the principles e) The PoE file contains the following activity sheets: Current rules and rates of VAT VAT rates Calculate the input and output VAT Criticise VAT calculations and suggest corrections Assess the validity of tax invoices Documentation and recordkeeping Sources of information Change in use adjustments Apportionment rules Overall assessment of the basic VAT principles completion of a VAT 201 form f) Delegates have one week after the course to submit the PoE file containing all the completed activity sheets for assessment purposes. After the course: a) The Portfolio of Evidence (PoE) will be assessed by a qualified facilitator b) Feedback will be given in writing in the form of an assessment report c) A certificate of competence as well as confirmation of CPD hours earned will be issued to the delegate.


Who Should Attend:

SAICA Trainee accountants, trainees as part of a formal Training Programme (Logbook), bookkeepers and accountants.


Special Arrangements:

Delegates must have the following available on the course day: Own computers (PC or laptop) with Excel loaded onto the machine Proper internet connection (Wi-Fi or 3G) with sufficient data for the day Headset with microphone and speaker Webcam (external or built-in) - recommended For the engagement activities and tools, other devices such as the iPad or iPhone are not recommended. Please ensure that you are logged in 15 minutes prior to the start of the session


Prerequisites:

Learning assumed to be in place and recognition of prior learning It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 3.


Others:

ACCREDITED COURSE OFFERS: NQF Level 04 5 Credits Unit Standard: SAQA US ID 114735, Perform Value Added Tax calculations and complete returns Certificate upon successful completion COURSE FEES AND OTHER COMMUNICATION: Course changes / cancellations A minimum of TEN students is required in order to run a course. ProBeta Training reserves the right to change the date or cancel an advertised course without liability. ProBetas liability in the event of cancellation will be limited to a refund of the course fee. Any such changes will be communicated at least two weeks prior to the course day by the course administrator. Registered delegates will be contacted via e-mail or mobile contact numbers. A 15% administration fee will be charged on all cancellations. All cancellations must be received in writing 8 working days before the event (course). Thereafter the full training fee is payable. Delegate substitutes are welcome at any time. Course fee changes ProBeta Training cannot be held responsible for any deviations in price from time to time. Pricing will also be confirmed on the individual booking form, course confirmation as well as per invoice issued.


Contact: Nerissa Singh
Telephone: 011-886-1395
Email: Nerissa@probetatraining.co.za
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