The VAT Advanced Self-Study Package allows you to gain knowledge on this topic in your own time.

This package includes 6 comprehensive self-study courses providing the learner the opportunity to study this subject at their own pace.

The following self-study courses are included in this package:

Module 1: Leasehold Improvements & VAT

• Why there was confusion?
• Who must pay?
• When must VAT be declared?
• What values must be used?
• Any other changes

Module 2: Leasing VS Instalment Sales: Income Tax VS VAT

• The legal aspects of the various ownership transfer methods
• The differences in interpretation between income tax and VAT
• The potential income tax recoupment’s from leases
• How it all should be accounted for from an Income Tax and VAT perspective

Module 3: Non-Executive Directors & VAT

• Are you a Non-Executive director?
• When does a NED become liable to register for VAT?
• How must the value of taxable supplies be calculated?
• Where must a person register?
• What documents must be submitted with an application?
• Basic VAT principles
• Time of supply
• Value of supply
• Tax period
• Invoice vs Payment basis
• What input deductions can a NED claim?
• Document requirements Income tax implications
• PAYE and Provisional taxes

Module 4: Property Developers & Estate Agents: Income Tax VS VAT

• Income tax:
  • The nature of income and expenses for property developers and estate agents, including amounts held in trust accounts
  • Deductions and capital allowances available to property developers, including possible considerations for capital gains tax
  • Brief overview of the income tax rules applicable to home-owners associations and body corporates
• VAT:
  • The new provisions affecting property developers and change in use adjustments
  • Brief overview of the VAT exempt status for home-owners associations and body corporates
• Transfer duty:
  • Brief overview of how transfer duty might affect property developers and estate agents
  • Please note that this course will not be dealing with the Property Practitioner or Estate Agent legislation itself, neither does it include accounting and auditing considerations

Module 5: Property Developers and VAT

• Should Property developers register for VAT?
• VAT on commercial property VS VAT on residential property
• Change in use when property is temporarily let
• Section 18B Temporary relief
• Value of supply for VAT purposes
• Time of supply for VAT purposes
• Impact on property developers

Module 6: VAT Advanced Provisions

• Mixed supplies and the apportionment methods for input tax claims
• Agents, principals and cost recoveries
• VAT on pre-registration supplies, and the amendment of prices agreed upon before registration
• Change in use adjustments
• The sale of going concerns, deregistration for VAT and the exit charge
• VAT and deceased estates

All Included:

• Video presented courses
• Downloadable course material
• Certificate of training
• Optional assessments
• SAICA, SAIBA, ACCA, IACSA, IRBA, SAIT Accredited - 24 verifiable CPD hours (4 per session)