VAT for Accountants`

In-house course

4
Attendance at this seminar will secure 4 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Corlia Faurie   0118861395   nerissa@probetatraining.co.za

Vat for Accountants

- Overview of the general principles of VAT:
o Defining and understanding supplies
o When and how output VAT should be charged and accounted for
- Claiming input VAT and notional input VAT:
o When and how to claim input VAT
o Which expenses and assets qualify for claims and which are denied
o Qualifying VAT invoices
- Completing the VAT201 return and navigating VAT refunds, audits and disputes
- VAT reconciliations
- Specific transaction types and their VAT treatment
o Exports and other zero-rated supplies
o Leases (operating leases, finance leases and instalment sales agreements) and an overview of the new legislation affecting property developers
o Vehicle rentals
o Deemed supplies
o Cost recoveries and disbursements
o Bad and doubtful debts