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2018 Webinar : VAT Registration
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2018/08/31
When: 31 August 2018
From 11:00am until 13:00pm
Where: Online Webinar
Western Cape
South Africa
Contact: Tshepo Magopa
0129410416

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Overview

From a SARS perspective, VAT registration comes with the potential for revenue as well as the danger of revenue losses associated with potential refunds. The net result is that the registration process can become onerous if indicia exist that could likely result in claims for unwarranted refunds. This webinar focuses mainly on the administrative processes associated with VAT registration for newly formed small businesses.


Course Content

  • Refusal to register – section 23(7)
  • Registration (compulsory and voluntarily) – section 23
    • Compulsory
      • Taxable supplies exceed R1 million / written contractual commitment
    • Voluntary
      • Taxable supplies less than R1 million but exceed R50 000
      • Going concern registration
      • VAT regulations where supplies are less than R50 000
      • A continuous and regular activity as set out in Regulation 446
  • What is an enterprise by definition?
  • Documentation
  • My VAT number is pending. Can I charge VAT?
  • What does “deemed to be a vendor” mean?
  • The consequences when a person not being a vendor charges VAT
  • What happens with the VAT calculation on late registration?
  • How does the VAT liability work?
  • Tax periods – section 27
  • Onus on the vendor to inform SARS of any changes of status – section 25
  • I am a VAT vendor. What are my responsibilities?
  • Separate branches or divisions – section 50
  • Separate enterprise of one person – section 50A
  • Splitting of enterprise into separate entities to avoid VAT – section 50A
  • Exit-VAT charge and cancellation as VAT vendor – section 24
  • Prices deemed to be inclusive of VAT – section 64
  • Prices advertised / quoted to be inclusive of VAT – section 65
  • Contract price / consideration – section 67
  • Assessment

Presenter

Joan Hamman-Ungerer

Member of the Cape Bar


Event Investment

This webinar is not covered by any CPD subscription package

Member: R375

Non-member: R455

Company Price: R860


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.
  • 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.
  • Please click here for the full terms and conditions.

 

WHY REGISTER WITH SAIT?

Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

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