Accounting for Value Added Tax (VAT)

The programme

Programme overview

Managing corporate tax exposure requires precise financial skills, and mastering Accounting for Value Added Tax (VAT) is critical for maintaining absolute corporate compliance. This specialised workshop covers complex VAT regulations, output and input calculations, documentation framework, and risk-mitigated record-keeping.

Because local revenue frameworks are strictly governed, companies must align their internal systems with statutory regulations like SARS mandates to prevent costly penalties. Our interactive training walks finance professionals step-by-step through a comprehensive VAT methodology, giving you the tools to handle modern financial auditing seamlessly.

If you are looking for a practical, hands-on masterclass, this workshop delivers immediate insights into taxable supplies, change of use adjustments, and effective tax dispute management. Join this cohort to minimise compliance bottlenecks and drive informed financial decisions for your organisation from day one.

Who should attend

Who is this programme for?

• All financial and administrative managers and staff will benefit from this seminar.

Learning outcomes

What you will learn

• Comply with the full range of statutory requirements relating to VAT
• Understand the difference between costs and allowances
• Correctly treat costs linked to fringe benefits, including cell phones and computers provided to employees
• Understand the VAT treatment of year-end functions funded by employee social clubs
• Know the proof required before input tax on bad debts can be claimed
• Understand the meaning of goods or services consumed while making taxable supplies
• Apply the current rules governing fixed property, and understand the impact of the Tax Administration Act on VAT
• Understand the current VAT registration threshold and how the 1 April 2026 increase affects registration obligations

Explore the programme

Detailed programme outline

1-Day— Training Outline

• The VAT Act, registration, and tax periods, including the increased compulsory registration threshold (now R2.3 million per annum, up from R1 million, effective 1 April 2026 — the first change to this threshold since 2009)
• Payment vs. invoice basis
• Taxable, zero-rated, deemed, and exempt supplies, and time of supply
• Determining VAT output and input
• Change in use adjustments
• Completing the VAT 201 return
• Payments, penalties, and refunds
• Reconciliations
• VAT audits
• Property
• Insurance
• Sale of used goods and assets
• Motor vehicles
• Fringe benefits
• Entertainment and travel
• Trade discounts
• Prizes
• Subscriptions
• Bad and irrecoverable debts
• Valid tax invoices
• Valid credit notes
• Copies, faxes, and emails of invoices and credit notes
• Records: format and retention

Learning approach

How you will learn

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.– Course Material: Access well-crafted supporting resources.– Group Work: Collaborate on discussions and case studies for practical insights.– Workshops & Role-Play: Participate in immersive, scenario-based activities.– Practical Application: Focus on applying theoretical knowledge in real situations.– Post-Training Support: Receive extensive support after training for skill implementation.

Discuss your requirements

Dates, duration & arrangements

Contact Ratomac to confirm dates, duration, delivery format, entry requirements and any applicable assessment or certification before booking.