VAT Workshop

This programme is aimed at operations and clerical staff who are responsible for recording or capturing liabilities from supplier invoices or dealing with either accounts payable or receivable matters where VAT is an integral part of their day-to-day routines.

Content:

• Section 1 VAT BASICS
  • Lecture 1 The basic workings of VAT
  • Lecture 2 The concept of Value Added
  • Lecture 3 VAT Registration
• Section 2 THE TAX INVOICE
  • Lecture 4 Invoice vs. Tax Invoice
  • Lecture 5 Full vs. Abridged Tax Invoice
  • Lecture 6 Petty Cash slips
• Section 3 THE VAT CONTROL ACCOUNT
  • Lecture 7 Accumulating the liability
  • Lecture 8 The VAT Reconciliation
  • Lecture 9 The VAT Return and payment dates
• Section 4 VAT EXCEPTIONS AND ADJUSTMENTS
  • Lecture 10 Allowable Input VAT
  • Lecture 11 Disallowable Input VAT
  • Lecture 12 Airline Tickets
  • Lecture 13 Deemed VAT
  • Lecture 14 Account Write-offs and bad debts
  • Lecture 15 Settlement discounts
  • Lecture 16 Penalties and interest

• A delegate workbook as well as a range of case studies and workshop work.  Discussion exercises in small groups facilitate transfer of learning to the delegates.