Risks and rewards of VAT governance 

Overview

Many VAT vendors are unaware of the risks relating to weak VAT governance and a lack of proper VAT management, as well as the rewards of proper VAT governance and management. In this webinar, we will discuss the pitfalls that VAT vendors should avoid and the risks that VAT vendors should manage.

Course Content

The following aspects / issues will be addressed in the webinar:

• What has changed in the world of VAT?
  • The impact of COVID-19
  • SARS money in short supply – be aware!
• Registration and deregistration
  • Minimising risks in the case of back-dated registrations
  • Maximising deductions in the case of first registrations
  • Minimising output tax liability when deregistering
• Tax invoices
  • Do not bluntly accept that your document does not comply with disclosure requirements
  • Do not bluntly accept that your document does comply with disclosure requirements
  • Tax invoices for electronic services
  • How to use abridged tax invoices to your advantage
  • When will an output adjustment be raised on an invoice?
• Credit notes
  • What is a VAT credit note?
  • In which tax period must the adjustment be made?
• Irrecoverable debts
  • Do my systems provide the information to make a deduction for irrecoverable debts? The answer is often no!
• Change-in-use adjustments
  • Accommodation – student and other – a minefield!
• Deeming provisions
  • The deeming provisions we need to know about to avoid costly mistakes or lose out on opportunities
• Input tax and deductions
  • How do I optimise input tax and other deductions?

Presenter

Christo Theron (CA(SA) H Dip Tax (Wits) M Com Tax (UP)

Christo is a recognized specialist in the field of indirect taxes. As a technical expert Christo is responsible for the quality of all VAT and Customs and Excise opinions issued by TradeTaxPlus.

Christo is a Chartered Accountant and holds a Masters Degree in Taxation at the University of Pretoria.

Christo is the chairperson of the SAICA VAT Committee. He also presents most of the SAICA VAT seminars. Previously be presented all the LexisNexis VAT seminars.

Christo has been involved in the Unisa Advanced Course in VAT for may years and have assisted to build the program as a leading educational tool in South Africa. He still presents the course

CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points.

Event Pricing

CPD subscribers: 100% Discount for 2020 all CPD subscribers.

Other members: R475.00

Company Price: R950.00

Payments & Cancellations

• All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.

• Kindly note that should payment not been received 2 days after the event, legal action will be taken

• Proof of payment will be requested at registration, if payment at that point in time has not been reflected on SAIT's bank account.

• Only written notice of cancellation will be recognised.

• Cancellation Conditions:

  • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.

  • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.

• Delegates who book and fail to attend will be liable for the full event fee.

• SAIT's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.

• Please click here for the full terms and conditions.