WATCH I Understanding the rules of engagement on the VAT battlefield is by no means an easy feat. When complex commercial transactions and several recent court judgements all in favour of SARS are all thrown into the mix, the proverbial cat lands amongst the pigeons.

Overview

This webinar will highlight the impact that the five new judgments from the Supreme Court of Appeal have on taxpayers and tax practices. It will also unpack the various practical challenges tax professionals will be faced with when interpreting specific transactions and the correct VAT treatment.

We will also unpack the imposition of penalties and interest and the recourse available to taxpayers. This area is a minefield and taxpayers often find themselves hapless when requesting the waiver of penalties and interest.

Webinar content

Session Topics:

1.             Case law

• The Diago South Africa case.
• The Consol case.
• The Capitec bank case.
• The Rennies travel case.
• The Tourvest financial services case.

2.            Registration

• Compulsory registration.
  • Once-off transactions.
  • Foreign group of companies.

3.             Categories of supplies

• Sale of interest in a partnership.
  • Farming operations.
  • Zero-rated services.
  • Tax compromise benefits.
  • Commercial accommodation.

4.             Input tax

• Input tax on solar panels.
  • Asset for share transactions.
  • Input tax on double-cab light delivery vehicles.
  • Input tax on due diligence expenses.

5.             Tax invoices and credit notes

• When and how may incorrect tax invoices be corrected without issuing credit notes.
• Penalties and interest – understand the regime.

After attending this webinar, you will be:

• Updated about the new SCA judgments and assess the impact for your clients and your practice.
• Competent to advise clients about the categories of supplies.
• Train your staff on input tax claims on solar panels, input tax on double cab light delivery vehicles, etc.
• Empowered to manage the penalties and interest regime applicable to VAT.

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 Investment

Free for Tax Technicians, Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

• Regular price:  R495.00
• SAIT member price:  R395.00
• Group price 1 (5 people max): R950.00
• Group price 2 (10 people max): R1 800.00
• Group price 3 (15 people max): R2 500.00 

Payments and cancellations

• All payments must be made by EFT or by credit card, at least three working days before commencement of an event.
• Kindly note that should payment not be received two days after the event, legal action will be taken.
• Proof of payment will be requested at registration if payment does not reflect in The Tax Faculty’s bank account.
• Only written notice of cancellation will be recognized.
• Conditions:
  • If the cancellation occurs more than four working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than four 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.
• The Tax Faculty’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.