Resources On-Demand

VAT Series: Concept of a VAT Enterprise and its Impact on the Management of VAT in Organisations - 2021 (Session 1)

This webinar on demand is part of a series of webinars. Click here to read more

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) 

• 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.