The increase in the VAT rate on 1 April 2018 requires careful management. At the best of times, VAT is a complex tax and getting it wrong can have very costly and time-consuming consequences.

The ramifications of the change in the VAT rate extend into almost every area of a business and may require extensive systems and documentation changes. Although V-day happened on 1 April, there is still time to ensure that you are fully compliant.

Course Content:

• When does the new rate apply
• General time of supply rules
• Special time of supply rules
• The special s67A rule: when and how it applies
• Specifics transactions including rentals, fixed property sales, instalment sale agreements, etc
• How to deal with credit notes, discounts, deposits and bad debts
• Other relevant issues

All Included:

• Video presented course
• Downloadable course material
• Certificate of training
• SAICA, SAIBA, ACCA, IACSA, IRBA, SAIT Accredited – 2 Verifiable CPD Points