Webinar Training Course

Current issues in VAT and VAT penalties

Price: Firm/Group/Company - R1219.00 (VAT Incl.)
Individuals - R488.75 (VAT Incl.)
Price (MLU Subscriber): Firm/Group/Company - R914.25 (VAT Incl.)
Individuals - R368.00 (VAT Incl.)
Presenter: Prof Jackie Arendse
Date: 3 Oct '19
Times: 09h00- 10h30
Duration: 1.5
CPD Hours: Attending the course and successfully completing the post-assessment, will grant you 1.5 hour/s verifiable CPD, recognised by the various professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the CPD certificate will only be issued once the post-assessment has been completed.
Platform: Web Based (Online)
Contact Person: Gillian Peach- Stander
T:  0118861395
E:  gillian@probetatraining.co.za
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VAT is a complex tax and getting it wrong can have very costly and time-consuming consequences. Apart from all the specific provisions in the VAT Act, vendors must also be well acquainted with the Tax Administration Act which governs most of the administration of VAT. It is well known that SARS audits are on the rise, with increasing focus on compliance and proper accounting for transactions. Failure to comply with the VAT Act and the Tax Administration Act exposes businesses and tax practitioners to unnecessary risk, which can be reduced through a good understanding of certain basic principles.

This webinar will highlight current areas where businesses often make VAT errors, from registration to trading, making necessary VAT adjustments and properly accounting for VAT on selling and acquiring a business, including – • Registration rules • Documentation requirements • Raising the correct amount of VAT, particularly where zero-rating is involved • Some specifically VAT-risk areas to watch out for, including o VAT on imported goods o VAT and recovery of costs o VAT on insurance premiums and pay-outs o Claiming input tax • Penalties and interest: when are they charged and how can one obtain remission/waivers • Dealing with VAT disputes with SARS