Resources On-Demand

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

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.

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.