More Than 90% of Applications for VAT Registrations are Being Rejected by SARS
It's a fact. That thousands of businesses across South Africa, losing out on the VAT registration they need to become compliant and profitable ventures.
The re-application process is a nightmare!
While you're collecting all the right supporting documentation you didn't have the first time round, SARS changes its mind about the requirements. So when you do finally re-submit the forms, you'll be rejected yet again.
Are you willing to wait more than 6 months for Vat registration?
That's how long it takes when you DON'T get it right the first time. When you don't have the right supporting documents, and you don'tcomply with SARS' requirements.
Find out what you're doing wrong. Discover what you need to submit to SARS, to get the thumbs-up the first time you register! With the Practical Vat Loose Leaf, you won't go wrong.
We're getting calls from more and more Vat vendors whose Vat registrations are being rejected! Queries to SARS inevitably end up in vague answers with no help offered!
They spend countless hours trying to amend their registration application forms, and lose thousands of Rands in the process. What's more, they don't know that while they wait for a reply from SARS, they're supposed to charge Vat.
SARS has confirmed that the minute you've applied for Vat registration, you must start charging Vat. Otherwise, the amount you've charged your customers will be regarded as being inclusive of Vat. And the Vat will come out of your pocket...
Mary didn't know this. While she went back and forth to SARS trying to secure a Vat registration for her business - an art dealership - she didn't charge her new customers Vat. Mr Ellis bought a painting from her, for R10 000.
Later, when SARS examined Mary's finances and demanded the 14% Vat from this sale, Mary was forced to pay R1 400 - out of her own pocket! This on top of the thousands she had spent trying to get her gallery running, and registered for Vat.
You don't have to suffer, like Mary did. You can rely on our experts and take advantage of their experience with SARS! Learn how to stand up for your rights! The Practical Vat Loose Leaf service will give you that.
The Loose Leaf is not your ordinary guide; it's a service where you can always find up-to-date information, advice and tips.
Top-class Vat specialists have put it all together for you!
You can have all the answers at your fingertips. Just order the Practical Vat Loose Leaf for a 14-day trial. Within this 14-day period you can use it as often as you like at the publisher's cost. Find out for yourself whether it is worthwhile having on your desk when you need professional help.
You'll see just how practical and beneficial this Loose Leaf is.
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!
- When do I need a tax invoice?
- 6 vehicles that SARS opens the doors to
- 8 requirements for a valid tax invoice
- Documents to attach to your VAT101 application
- 6 basic rules about travel and Vat
Vat advice you can put into practice today:
- 4 holiday accommodation situations when Vat won't be levied
- 16 goods that can be zero-rated
- 7 critical documents you must keep for exported supplies
- How to complete your Vat return
- Check your input tax claims satisfy these 2 criteria
