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

CPD Hours: 12

Price: R2619.00


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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) 

  • 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)

  • 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)

  • 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) 

  • 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) 

  • 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) 

  • 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.

What's Included:

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

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 bu siness 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.


2 Hours | R475.00
Christo Theron MTP(SA)

VAT Series: Managing Input Tax in Organisations: Principles and Application - 2021 (Session 2)

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 bu siness 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. 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. Who should attend? Tax managers/consultants, heads of tax, financial directors, accountants.


2 Hours | R475.00
Christo Theron MTP(SA)

VAT Series: VAT and the Cross-Border Movement of Goods: Exports - 2021 (Session 3)

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 bu siness 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. 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. Who should attend? Tax managers/consultants, heads of tax, financial directors, accountants.


2 Hours | R475.00
Christo Theron MTP(SA)

VAT Series: Managing Zero-Rated Supplies of Services in Organisations: Principles and Application - 2021 (Session 4)

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 bu siness 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. Managing Zero-Rated Supplies of Services in Organisations: Principles and Application (Part 4)  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. Who should attend? Tax managers/consultants, heads of tax, financial directors, accountants.


2 Hours | R495.00
Christo Theron MTP(SA)

VAT Series: Understanding and Applying the VAT Principles Applicable to Agents and Principals - 2021 (Session 5)

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 bu siness 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. 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. Who should attend? Tax managers/consultants, heads of tax, financial directors, accountants.


2 Hours | R495.00
Christo Theron MTP(SA)

VAT Series: VAT and the Supply of Accommodation: Principles and Applications (Session 6)

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 bu siness 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. VAT and the Supply of Accommodation: Principles and Application (Part 6) 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.


2 Hours | R495.00
Christo Theron MTP(SA)

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