VAT Sales & Purchases Webinar - Part 2

Price:
R650.00 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Biz Facility
Duration:
150 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline

The VAT Sales & Purchases Webinar (Part 2 of 2) 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 to charge VAT on sales (taxable supplies) and expenses that can be claimed (input tax credits).

This session provides much needed insight on the vat to be charged and input tax credits that can be claimed, and under which  circumstances.

Topics Discussed:

  • Exempt Supplies
  • NGO’s, PGO’s and WO’s
  • Agent vs Principle
  • Company Cross Charges
  • Recovery in the form of a management fee
  • Recovery in the form of a cost recovery fee
  • Recovery of disbursements
  • Input tax credits specifically denied
  • Entertainment exceptions
  • Motorcar exceptions
  • Notional input tax
  • Second hand goods
  • Tax invoices, Debit notes & credit notes
  • Electronic Invoices
  • Reimbursements and corporate credit cards
  • Day to day adjustments for example discounts
  • Exports – Direct and Indirect
  • All Included:
  • Recording of the session
  • Q&A with the presenter
  • Downloadable course material
  • Certification of training
  • SAIT Accredited - 3 verifiable CPD points