VAT Fundamentals: Essential Course for Beginners

VAT Fundamentals and Foundations Course

Insight on the foundations on which the VAT system is based

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Last Updated: 2025-01-23 10:01:48 English Course Type: Self Learning

Registrations - Supporting Documents and Forms to fill in
The importance of knowing the difference between voluntary and compulsory registrations
Sale of a Going Concern and the subsequent VAT registration of the purchaser
How to register for VAT on E-filing
How to fill in the VAT201 form
What constitutes a supply?
South African Tax

****Please note that this course is based on South African Tax****

The VAT Fundamentals & Foundations self-study course is designed for individuals, staff and financial management that are required to calculate and submit VAT returns for a business, and have no or very little understanding/knowledge of how VAT really works.

This course provides much needed insight on the foundations on which the VAT system is based and is very beneficial to any person wanting to enter or exit the VAT system.

TOPICS DISCUSSED:

Registrations - Supporting Documents and Forms to fill in
The importance of knowing the difference between voluntary and compulsory registrations
Sale of a Going Concern and the subsequent VAT registration of the purchaser
Registering separate activities, divisions and branches
How to register for VAT on E-filing
Managing your user profile and access rights on E-filing
What constitutes a supply?
The enterprise test – what activities are and what activities are not
Standard Rate, Zero Rate and Exempt – knowing the difference
What to do when a VAT number is pending
NEW VAT Vendor – Back Dating vs Back Claiming
Supplies made to the person prior to registration – Section 18 (4) (b)
Deregistration and Exit VAT
Income tax consequence of Exit VAT
VAT Categories
The 10-Day Rule
Accrual Basis / Invoice Basis compared to Payment Basis
Exceptions to the general time and value of supply
Invoices – Complying with the SARS check list
How to fill in the VAT201 form

All Included:

Video presented course
Downloadable course material
Certificate of training
SAIT Accredited - 4 verifiable CPD points

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About the presenter:

Ruzel van Jaarsveld

She has over 23 years financial and bookkeeping experience, working with many industries and corporate environments, with extensive knowledge and practical application of trial balance, payroll, VAT, PAYE returns, Inventory control, Management Accounts, E-filing and Procedures of Importing and Exporting.

She is a seasoned appointed facilitator with Biz Facility, and for numerous years has been presenting various national practical financial workshops to business owners and corporate financial staff.

Basic understanding of VAT

Individuals
Financial management
Business professionals
Business owners
Business managers

Section 1 : VAT Fundamentals and Foundations Course 5 Lectures
Lecture 1 :
Part 1 Preview
Lecture 2 :
Preview
Lecture 3 :
Part 2
Lecture 4 :
Part 3
Lecture 5 :
Course Notes

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