Mastering VAT: From Basics to Bottom Line

In-house course

2.00
Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, SAIT, SAIPA , ACCA, IACSA & IRBA).
JEANMARI VAN DER SCHYFF   jeanmari@probetatraining.co.za

Understanding the bottom line and the basic principles that govern VAT.

• Becoming liable and registering as a VAT vendor:


o What is an enterprise?

o When does VAT registration become compulsory?


o How does one determine the value of your taxable supplies for
registration requirements?

o What happens when you cease to be a vendor?


• The driving force behind output VAT:


o What is a supply?

o When would output VAT have to be charged?

o What is the value on which output VAT will be based?


o When may vendors claim input taxes, and when would it be denied?


• Knowing your supplies: Distinguish between standard-rated, zero-rated,
and exempt supplies


• Knowing your VAT periods and accounting basis

• VAT invoices, quotes, and other related documents

• Navigating the eFiling system as a VAT vendor and completing the
VAT201 return.

Accountants and Auditors with limited prior exposure to VAT.