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VAT for Bookkeepers

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

R 475
Category Accounting
Accredited SAIBA
CPD Hours 2
Effort 2 Hours
Duration 2 Hours
Format Webinar
Level Moderate
Assessment Yes
Supervised No
Pre-Entry No
Tuition Optional
Study Material No

What you will learn

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

Study Units

Introduction to the VAT Act No. 89 of 1991

Compulsory and voluntary registration for VAT.

Responsibilities resulting from VAT registration.

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. 

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. 

VAT and its effect on business cash flow. 


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


The following members will benefit from attending this webinar: 

  1. Business accountants in Practice (SA). 
  2. Practicingbookkeepers; 
  3. Accounting officers; and  
  4. Accounting department staff. 



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: Not applicable* 


This webinar will be available from 18 April 2020. 


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


This event is included in the following subscription packages. If you are not a subscriber, you need to purchase as a stand-alone event. 

Accountant in Practice: No

Accountant in Practice plus tax: No

Bookkeeper: Yes

Quickupdate: No 

IFRS for SMEs: No



Subscribers pay less for their CPD points. SAIBA offers 4 subscription packages that provides access to everything to run a successful accounting and tax practice. Pay a small monthly amount and gain access to monthly webinars covering ethics, financials, reporting, audit and assurance, working papers, law, technology, management topics, and tax. 

Click here to choose your subscription option.