VAT Series: Interpretation and Application of VAT Legislation (Full Series) - 2021

Overview

This series of six webinars is aimed at addressing common challenges experienced in practice with the interpretation and application of VAT legislation. It starts with a fresh look at the concept of a VAT enterprise in the contemporary business environment. It will furthermore unpack key issues dealing with principals and agents, input tax and zero-rated supplies of goods and services. In the last session, we’ll look at VAT in the accommodation industry that presents consistent challenges in practice. The content will be case study-based to ensure that content meets practice.

A Critical Look at the Concept of a VAT Enterprise and its Impact on the Management of VAT in Organisations (Part 1) – 21 June 2021

• The critical importance of the concept of a VAT enterprise in managing VAT.
• The concept of a VAT enterprise:
• Comparison between a business structure and a VAT enterprise.
• The general definition of an enterprise.
• Specific inclusions.
• Special rules.
• Special cases:
• Non-residents.
• Bodies of persons.
• Deceased estates.
• Toll manufacturing arrangements.

Managing Input Tax in Organisations: Principles and Application (Part 2) – 21 July 2021

• Categories of input tax:
• Input tax on goods and services.
• Input tax on imported goods:
• Input tax on second-hand goods.
• Input tax on repossessed/surrendered goods.
• Non-deductible input tax:
• Entertainment.
• Club subscriptions.
• Motor cars.
• Principles of apportionment.
•  Documentation:
• Tax invoices.
• Debit and credit notes.
• Completion of the VAT return.

VAT and the Cross-Border Movement of Goods: Exports (Part 3) – 16 August 2021

• Definition of “exported” in the VAT Act.
• Categories of exports.
• Direct exports.
• Supplies to certain foreign-going ships and aircraft.
• Indirect exports.
• Documentation.
• Completion of the VAT return.

Managing Zero-Rated Supplies of Services in Organisations: Principles and Application (Part 4) – 15 September 2021

• Zero-rated transport services.
• Zero-rated transport-related services.
• Zero-rated supplies of services to non-residents.
• Sundry zero-rated supplies.
• Documentation.
• Completion of the VAT return.

Understanding and Applying the VAT Principles Applicable to Agents and Principals (Part 5) – 20 October 2021

• What is an agent/principal?
• General principles governing agents and principals:
• Supplies to agents and supplies by agents.
• Agents in the international supply chain:
• Imports by agents on behalf of a SA principal.
• Agents facilitating imports on behalf of a SA principal.
• Imports by non-residents on a DDP basis.
• Agents and recoveries.
• Completion of the VAT return.

VAT and the Supply of Accommodation: Principles and Application (Part 6) – 16 November 2021

• The broad framework.
• Key concepts:
• Meaning of a dwelling, commercial accommodation and domestic goods and services.
• Exempt accommodation:
• Supplied without other goods or services.
• Fully furnished accommodation.
• Accommodation supplied together with other services.
• Commercial accommodation:
• The R120 000 rule.
• Accommodation supplied for a single charge and accommodation supplied for differentiated charges.
• Practical challenges:
• Residential accommodation versus accommodation in a dwelling.
• Student accommodation.
• Treatment of mixed use properties.
• Completion of the VAT return.

Who should attend?

Tax managers/consultants, heads of tax, financial directors, accountants.

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 per session.

Event Pricing

This does not form part of the 2021 CPD subscription packages.

RECEIVE 10% DISCOUNT WHEN PURCHASING THE FULL SERIES

Other members: R2 850.00 R2 565.00

Company price (5 attendees maximum): R5 700.00 R5 130.00

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.

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