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