VAT Archives - The VAT Lady

Book your seat for the VAT Masterclass 2022

August 17, 2022/in VAT

12 CPD POINTS
12 AND 13 OCTOBER 2022
PROTEA HOTEL BY MARRIOTT – MIDRAND

THE SARS VERIFICATION PROCESS: HOW ARE YOU COPING?

SARS seems to have aggressively upped their game with their verification letters – many vendors complain that they receive the verification letter every month! Whether they have a refund or have to pay VAT in, as soon as the VAT return is filed up pops the verification letter!

It becomes a little tiresome eventually, and sometimes, due to other work demands, you may “slip” and upload something that SARS finds unsatisfactory. And then, an assessment appears, with the dreaded penalty and interest – often you don’t even understand how SARS arrives at its assessment figures! And then the time consuming mission to deal with the assessment – calls, letters, suspensions of payment, it goes on.

Add to this unpaid VAT refunds, inputs adjusted or reversed for no reason, objections and appeals just never dealt with and VAT can become a nightmare.

This year, the VAT Masterclass aims to end the nightmares – or at least equip you to better deal with all things VAT.

To start off, we will be touching on the basics, work through registration and standard, zero rated and exempt supplies, but also look at some more of the complex VAT issues such as:

Can I backdate my VAT registration?
Deemed supplies – how not selling anything can make you liable for a VAT payment
Fixed property – when do you charge VAT or should Transfer Duty always be levied? Can the “going concern” principles even apply to fixed property sales?
Non-profit organisations – does their tax exemption extend to VAT?
Exempt supplies and how it impacts input tax
Input tax – a refresher on the rules
Apportionment and adjustments – when this is applicable
Verifications and audits, assessments and disputes – your rights vs SARS’ rights

Book your seat before 26 September and save on the early bird price.

Read more and download the The VAT Masterclass 2022 brochure here.

I’m excited to meet you!

Dee Bezuidenhout – The VAT Lady

Book your seat for the VAT Masterclass 13-14 October 2021

September 21, 2021/in VAT

MY VAT REFUND IS WITHHELD BY SARS BECAUSE I DID NOT UPLOAD A “SELFIE”

MY VAT REFUND WAS PAID OUT BUT SARS REVERSED IT 2 DAYS LATER AND PENALISED ME!

I RECEIVED AN ASSESSMENT REVERSING MY INPUT TAX – REASON BURDEN OF PROOF NOT DISCHARGED – HELP

Have you dealt with any of the above statements recently? Silly little internal SARS rules, and you trying to figure out the logic and obtain your VAT refund / sort out a dispute / get SARS to do things at the same time.

In a time where SARS is stepping up on their verification audits, are you really confident that your VAT knowledge is up to scratch? Have you declared VAT correctly on those grey VAT areas like debtor’s overpayments, sale of company cars, VAT on fringe benefits? How would you deal with an intimidating on-site VAT audit?

If any of the above applies to you, or you need to brush up on your VAT knowledge, then the Midrand VAT Masterclass is for you. On 13 and 14 October 2021, a 2-day course, the VAT Masterclass deals with everything VAT, from registration through to more complex issues and legal rules. In addition to the mine of information I’ll provide, I’m also focussing on refunds (made or not made) and disputes – objections and appeals and what to do when SARS ignores them, “cancels” them or merely grabs money out of the bank account!

I’m offering 12 CPD points in Midrand, so get those VAT refunds back and be able to deal with other VAT issues, by attending the VAT Masterclass. At the early discounted rate of R5 800 for the 2 days, you’ll wonder why you never attended sooner. There’s discounts for group bookings, too.

Reserve your place for the Midrand VAT Masterclass now.

See you there!

Dee Bezeidenhout – The VAT Lady

The diesel rebate and other myths

September 16, 2020/in VAT

From logbooks, the diesel audit to the letter of demand, this is the first in a series of blogs concerning the diesel rebate for farmers and all the murky waters around it. There are very important steps to follow in terms of the law. If SARS grabs your money out of your next VAT rebate, within the 30 days of the letter of demand then also contact me immediately!

Book your seat for the VAT Masterclass 2018 in JHB or BFN

April 12, 2018/in VAT

Find yourself dealing with SARS and VAT issues more and more? And spending hours on the phone to the SARS call centre, receiving hundreds of “case numbers” – are you really able to sort things out? Is more and more of your chargeable time taken up on these issues with no result?

Part 2: VAT Disputes – objections and appeals, why the battle?

April 9, 2018/in VAT

Recently, we dealt with “the Rules” and important points concerning assessments. This time around, I want to focus on the objection process and specifically objection against an assessment raised. Read on for more.

5 Top tips on applying the new VAT rate – effective 1 April

February 22, 2018/in VAT

So finally they did it. Increased the VAT rate to 15% from 1 April 2018. Your calculation will now be based using the tax fraction 15/115. But that’s not all you need to know

VAT Disputes – objections and appeals, why the battle?

February 19, 2018/in VAT

If you’ve worked with any tax you would’ve come across a dispute at some stage. And you’re not alone in the frustrations of facing SARS disputes.

7 Issues and concerns raised at our latest VAT Masterclass

October 5, 2017/in VAT

Threats received from SARS officials, the VAT Pop up letter, denied input tax deductions and more… Can you relate? Here’s what you need to know.

My input tax has been reversed by SARS for no reason – what now?

August 14, 2017/in VAT

If you need to get your VAT refund, find out how to take on SARS and win, or just need to brush up on your VAT knowledge – the VAT Masterclass is for you.