Lexis® Practical Guidance: VAT


Practical Guidance VAT is an online, practical tool that provides up-to-date information and practical guidance on VAT-related matters. Offering assistance on vital aspects such as the registering for VAT, submission of VAT documents, avoidance of penalties and VAT rulings, this product is the perfect addition to our well-received Practical Guidance Income Tax practice area. It provides the relevant steps, resources and references to relevant legislation throughout and also include accompanying explanatory notes on the respective rules and procedures to follow as well practical aids that users will have access to.

  • Introduction to VAT
  • Registration
  • Submissions
  • Supplies subject to VAT
  • Exempt supplies
  • Time and value of supply
  • Importation of goods and services
  • Input tax
  • Tax invoices, debit and credit notes
  • Adjustments
  • Penalties and interest
  • Assessments, objections and appeals
  • Rulings
  • The Tax Administration Act
  • More than 180 Guidance Notes
    within 34 Topics
  • Over 70 forms, precedents, checklists and other additional resources to ensure not a single step is missed
  • Legislation & Case Law – access to relevant cases at the click of a button
  • Practice Directives – know what the
    procedure is in different courts
  • 45 Other Useful Resources such as flowcharts, external websites and additional readings
  • SARS Short Guide to the Tax
    Administrative Act
  • VAT Form 101 – VAT Registration Application Form
  • VAT 201 – Return for Remittance of VAT
  • VAT Form 117 – Application Form for Change in Accounting Basis
  • VAT 411 – Guide for Entertainment, Accommodation and Catering
  • Registration of Body Corporate as a VAT Vendor (in terms of Section 12(f) of the Value Added Tax Act.