The one day VAT Basic Workshop is designed for individuals, staff and financial management that are required to calculate and submit VAT returns for a business, and have no or very little understanding/knowledge of how VAT really works.
This workshop introduces a more practical approach to VAT and it’s components so that the calculation and subsequent submissions and payments to SARS are done accurately.
You will be able to recognize and understand when VAT on sales (OUTPUT VAT) becomes payable to SARS, and be more aware and informed of when VAT on purchases (INPUT VAT) may be deducted and when not.
During this workshop, the following Topics are covered:
Registration – How do I register for VAT?
VAT categories – Which category do I fall under?
How to fill in a VAT return
Input VAT – what I can claim and what I can’t claim
Output VAT – what am I supposed to charge
Invoices (What are my invoices supposed to look like?)
E-Invoices (Electronic Documents) – how am I supposed to store them?
Head Office and Branch transactions