Small Error, Serious Consequences! How to Avoid Penalties for Errors in Vat Declarations

It’s easy to assume that tax offences only happen to cheaters. But minor errors, or even negligence, may result in you defending yourself against serious charges from the tax office.

  • What can you do to reduce a penalty if you’re not in a position to avoid it?
  • What is ADR and how can you use it?
  • Is it worth admitting guilt voluntarily? What do you risk in this case and what can you win? What are the advantages and disadvantages of accepting a proposal?

Wouldn’t it be great to find out these and many other answers? You will find them in the Practical Vat Loose Leaf. Find out how to avoid penalties for your errors in Vat declarations.

You’ll see just how practical and beneficial this Loose Leaf is.

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.

What you’ll discover in the Practical Vat Loose Leaf, to make Vat declarations simpler:

  • 4 alternative apportionment methods
  • Checklist: zero-rated supplies
  • Invoices: The key to smooth Vat operations
  • 3 core principles that govern the Vat system
  • How to claim Vat on debts written off
  • Three basic steps to determine your Vat liability
  • Three things to remember about exempt supplies
  • Follow these rules to ensure you don’t make costly errors when you acquire fixed property
  • Checklist:5 exceptions to the basic fringe benefits rule
  • 2 ways to win when claiming input tax
  • Checklist: 6 vehicles that SARS opens the doors to
  • Step by step: How to raise an objection to an assessment
  • 4 instances where you can cancel your Vat registration
  • How to deal with secondhand supplies for less than R1 000
  • 4 ground rules about tax periods and Vat

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 Weekly Tax Bulletin, Online access to past Vat Updates and a Vat Helpdesk.

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

  • 6 types of activity that don’t qualify for Vat registration
  • Checklist: Documents to attach to your Vat101 application
  • 4 instances where you can cancel your Vat registration
  • How to complete your Vat return
  • Check your input tax claims satisfy these 2 criteria
  • 24 activities that qualify for the diesel refund scheme
  • 4 alternative apportionment methods
  • Checklist: zero-rated supplies
  • Invoices: The key to smooth Vat operations
  • 3 core principles that govern the Vat system
  • How to claim Vat on debts written off
  • Three basic steps to determine your Vat liability
  • 5 circumstances where you may claim an input tax adjustment
  • Ten exempt supplies
  • Checklist: Essential documents to keep for direct exports
  • Follow these rules to ensure you don’t make costly errors when you acquire fixed property
  • 8 Vat-exempt financial services
Best of all, you can try the Practical Vat Loose Leaf Service Risk-Free
for 14 days before you commit a cent on our service.
Start your 14 day Risk-Free trial now!

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