VAT for Bookkeepers

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To give bookkeepers and other accounting practitioners a practical understanding of processing and calculating VAT.


By the end of this webinar the participant should:   

  • Understand how VAT is administered;  
  • Have a practical understanding of VAT calculations in the accounting cycle;  
  • Know how to classify different types of supplies and services;  
  • Know SARS timelines and their penalties and interests’ charges; and  
  • Understand how VAT payable or refundable affects the cashflow of a business


The job of a practicing bookkeeper involves dealing with VAT in one way or the other. It is vital to have full knowledge on how to determine the types of goods and services that are taxable as well as correctly completing and submitting VAT returns, and retaining relevant documents.  

 SARS will charge significant penalties and interest on late submissions and payment of what is due to them. Therefore it is important to know their deadlines for returns submission and payments. Correctly determining VAT payable and avoiding these penalties will also help to minimise internal cash flow problems.  This is very important in the case of the majority of SMEs which currently struggle with their cash flows.  


The following pricing apply:
Ad hoc: R475.00
Subscription: N/A.


Study Unit 1

Introduction to the VAT Act No. 89 of 1991

Study Unit 2

Compulsory and voluntary registration for VAT.

Study Unit 3

Responsibilities resulting from VAT registration.

Study Unit 4

Working with VAT:

  • Standard rate, zero rate and exempt supplies.
  • Taxable and non-taxable supplies.
  • VAT input and output.
  • Non-allowable expenses; and
  • Invoice and payment basis.
Study Unit 5

Important VAT rules:

  • Document retention.
  • Preparation and presentation of tax invoices.
  • Accounting for VAT on deposits.
  • Accounting for VAT on bad debt relief.
  • Correction of VAT errors.
  • Interest and penalties for mistakes and delays.
Study Unit 6

VAT and its effect on business cash flow.


There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date


Russel Ngobeni  

Russel is a registered Business Accountant in Practice through the Southern Institute for Business Accountants (SAIBA), and a registered Tax practitioner through the South African Institute of Tax Practitioners (SAIT). He holds a Bachelor of Accounting Science degree from the University of South Africa and a National Diploma in Financial Information Systems from Tshwane University of Technology.  

Russel is the founder of Shinyawani Group of Companies (Pty) Ltd.  He has won various entrepreneurial awards in the province of the Free State.  


By attending this webinar, you will be provided with:
– Summarised slide presentation.
– Reference documents and / or course material where available.
– Access to a technical knowledge base.
– Recorded webinar that includes an expert presenter and participant interaction.

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