Description

The complex area of VAT is an ever-changing and challenging one for practitioners. This short seminar will address the key VAT issues facing OMBs in 2021 and cover common VAT tricks and traps.

Topics covered include:

  • Common output tax mistakes – when to charge and at what rate
  • Common errors when recovering input tax
  • Dealing with gifts of goods and samples
  • What owners can and cannot put through the business
  • Valuation and invoicing errors
  • Error correction procedures