Overview

VAT compliance is a critical function for bookkeepers who manage financial records and ensure their organisations remain aligned with SARS regulations. This session is tailored to empower bookkeepers with the practical knowledge required to manage Value Added Tax (VAT) responsibilities confidently and accurately. Participants will gain a solid understanding of the VAT framework, registration thresholds, input and output VAT, VAT return submissions, and common pitfalls that could lead to penalties or audits. This essential training will provide clarity on VAT-related legislation and enable attendees to apply this knowledge in their daily bookkeeping functions.

Join Doubt Moyo as he guides bookkeepers through the critical aspects of VAT compliance, from registration to filing returns, and highlights practical tips to maintain accurate records and avoid costly mistakes.

Learning Objectives

Attending this webinar will equip you with the following skills:
• Understand the foundational principles and legislation governing VAT in South Africa
• Identify when VAT registration is compulsory or voluntary and follow the correct procedures
• Record and calculate input and output VAT accurately for different types of supplies
• Prepare and submit VAT201 returns in line with SARS requirements and deadlines
• Avoid common VAT-related errors and maintain accurate records for audit readiness

Content

The webinar will cover the following topics:

• VAT Fundamentals and Application
  • Definition and purpose of VAT
  • Standard vs zero-rated and exempt supplies
  • Input VAT and output VAT explained
  • The role of VAT in business cash flow
• VAT Registration
  • Compulsory and voluntary registration criteria

• Bookkeeper Responsibilities in VAT Compliance
  • Recording and classifying transactions
  • Preparing and filing VAT201 returns
  • Supporting documentation and record-keeping requirements
• Calculation and Submission of VAT
  •  How to calculate VAT payable or refundable
  • Submission channels and deadlines

• Common VAT Errors and SARS Penalties
  • Incorrect classifications and disclosures
  • Missed deadlines and reconciliation issues
  • Importance of maintaining audit-ready records

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

About the presenter 

Doubt Moyo  

Doubt Moyo is a dedicated and analytical financial accountant with a strong background in accounting, taxation, and forensic auditing. He holds a Bachelor of Commerce in Accounting from Midlands State University and a BCom in Applied Accounting from Oxford Brookes University. With extensive experience as both an accountant and a lecturer, Doubt has worked with institutions such as Richfield and Dateline College, where he has overseen financial records, prepared tax returns, and educated students in various accounting disciplines. Currently, he is the Managing Partner at Aphiwe Business Services, where he continues to impart knowledge and manage comprehensive financial services for clients.  

Who should attend? 

The following persons will benefit from attending this webinar: 

• Bookkeepers. 

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Trainee accountants. 

Price 

• R 265.00 - Online admission - Individual.  

  • Group Price 1 - From R109 per person (up to 5 users)  

  • Group Price 2 - From R71 per person (up to 10 users)  

  • Group Price 3 - From R64 per person (over 11 users)  

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar. 

Corporate training solutions  

At the Accounting Academy, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.  

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.  

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.     

Contact us    

Have any questions or need any assistance? Contact us today!  

• Online chat through our website.  

• WhatsApp: Start chatting (+27635026114)  

• Phone: 010 593 0466  

• E-mail: [email protected]