Do you know what a Tax invoice should look like?

• What information should be where and how it must be presented so that SARS will be happy?
• Did you know that you could get a penalty from SARS if your invoices aren't correct?

To answer all your questions, take the guess work out of invoices and avoid hefty penalties you can rely on the Practical Vat Loose Leaf

In the Practical Vat Loose Leaf you will find 3 examples of valid tax invoices, as provided by SARS:

• Example one consist of a full tax invoice reflecting the price, vat and total consideration charged
• Example two will show you a full tax invoice reflecting the total consideration charged, a statement that the consideration includes Vat, plus, the rate of Vat charged
• Example three can be used for a full tax invoice reflecting the total consideration charged and the amount of Vat included in the consideration

Don't make any errors with your Vat invoices. Use the Practical Vat Loose Leaf as your main reference to avoid any penalties.

Try our complete Vat Advisory Service risk-free for 14-days. As part of this service you'll receive the Practical Vat Loose Leaf, three Bonus Reports, Regular updates, the daily Tax Bulletin, Online access to past Vat Updates and access to the Vat Helpdesk.

What else you'll discover in the Practical Vat Loose Leaf, to help you take control of your Vat:

Checklists, to save you time and ensure you don't miss a thing!

• 7 items you can claim input tax on
• 5 exceptions to the basic fringe benefits rule
• 6 vehicles that SARS opens the doors to
• Documents to attach to your Vat101 application
• 6 basic rules about travel and Vat

Vat advice you can put into practice today:

• Step by step: How to raise an objection to an assessment
• 8 Vat-exempt financial services
• How to claim every input tax credit possible
• 3 general rules about the Vat201 return
• How to complete your Vat return
• 4 important documents to keep for export between branches