Change is inevitable, and in many instances, also for the better. However, when it comes to changes affecting the VAT supplies in your enterprise, one also needs to consider the VAT adjustments that result from such changes.
We offer a session to discuss and address the application of these change in use adjustments.
This session will address the following:
• Adjustments for increases and decreases in the ratio of taxable supplies made by the vendor
• Specific transactions:
o Second hand sales
o Motor vehicles
o Deemed supplies
o Sale and acquisition of a going concern
o Fixed property and leasehold improvements
o Irrecoverable debts
o Practical considerations for completion of the VAT return
