This course explains the most common VAT adjustments that arise in practice and how to handle them in a SARS-ready way. It focuses on what triggers an adjustment, what evidence and documentation you need to support it, and how to ensure it is captured correctly and reported correctly in the VAT return process. The emphasis is practical: learners will understand why adjustments happen, how to avoid incorrect claims, and how to prepare a clean audit trail that reduces verification stress.

Who will benefit:

• Bookkeepers and junior accountants responsible for VAT processing and corrections.
• Finance managers overseeing VAT compliance and VAT controls.
• VAT vendors who frequently issue credit notes, deal with bad debts, or have mixed-use expenses.
• Anyone preparing VAT packs for SARS verification/audit.

Topics Discussed:

• VAT Adjustments — What They Are and Why SARS Cares.
• Adjustment “Triggers” — The Big Categories.
• Proof and Audit Trail — The SARS-Ready Standard.
• Credit Notes and Corrections on Sales (Output VAT Adjustments).
• Supplier Credit Notes and Purchase Corrections (Input VAT Adjustments).
• Bad Debts and Recoveries (Practical Overview).
• Change in Use and Mixed-Use — The Risk Zone.
• Fixed Assets and Capital Items — Common Adjustment Points.
• Error Corrections — Prior Period Fixes Without Creating More Problems.
• Reporting and Reconciliation — Making Adjustments “Tie In”