NEED TO UNDERSTAND DEDUCTIONS FOR VAT?
The VAT APPLICATION PROCESS Webinar 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.
VAT APPLICATION PROCESS TOPICS DISCUSSED
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
Accrual Basis vs Payment Basis
Second Hand Goods – Notional Input
Section 18 (4) (b)