The Vat Masterclass Series 2012

13 CPD points 4 new dates 2 new towns 1 fabulous expert

Book your place now to qualify for the Early Bird discount and SAVE R1 000!
23 & 24 May AND 10 & 11 October, Johannesburg 18 & 19 July, Cape Town 15 & 16 August, Durban

It was a course not to be easily forgotten , as it definitely made me think out of the box on Vat related areas of my work. J. Govender

Welcome from Dee

Im very excited about this years Vat Masterclass. As Vat contributes about 25% to the total Revenue income in South Africa, and with rumors that it may increase, it is especially important for local businesses to know everything about Vat in 2012. Ive been involved with Vat for 20 years since it came into this country first as a SARS auditor, then a Law writer, and then in private practice. In this time I have presented almost 100 Vat workshops even to SARS staff! And I was the original author of Fleet Street Publications Practical Vat Loose Leaf. Who better to teach you all about Vat! Dee Bezuidenhout Facilitator

A 2-day training programme, covering Vat from every angle. From the basics, right up to the more complex Vat rules, this Masterclass prepares the financial manager, the bookkeeper or financial assistant to tackle Vat. What youll gain by attending the FSP Vat Masterclass
Once you understand how Vat works, what SARS expects from you, and how to make Vat work for your business, youre going to be able to spot errors in your finances, and correct them fast! Youll also be able to side-step the penalties and interest that otherwise trip you up. And most of all, youll be confident when SARS comes around for an audit!

Bookings are limited

The sessions are limited to 25 attendees, to allow for a hands-on, personalised and interactive learning experience. With valuable handouts and notes, compiled by an expert facilitator, youll leave this Vat Masterclass feeling confident in your Vat abilities. By attending the 2-day Masterclass you'll benefit from: 1. Expert advice on how Vat works, how to complete the Vat forms correctly and more helping you to get Vat right everytime. 2. In-depth case studies illustrating how to spot errors in your finances and correct them fast. Avoid nasty surprises from SARS. 3. Criteria fulfilment information on Vat basics and Vat supplies telling you what SARS wants when, where and how. Know how to calculate your Vat and avoid underpaying it. 4. First-hand testimonies from our expert in the field of Vat best practice advice, as well as recommendations for the future. Plus, get the lowdown on what SARS wont tell you.

The Vat Masterclass

covers Vat comprehensively, under the guidance of a seasoned Vat expert. Youll learn how to avoid the Vat traps that cost business millions in penalties! And youll walk away feeling confident in your Vat skills and know-how.

RA 10% Save an EXT or more if you book 3 delegates

Spot on! Very vibrant, loud spoken & to the point. She gave excellent useful tips & information!

Dates and Investment:

Early Bird price: R4 995.00 (R5 694.30 incl Vat) Full price - book after the Early Bird deadline: R5 995.00 (R6834.30 incl Vat)

Very informative. Knows the subject C. Harris

Johannesburg
Date: 23 & 24 May Early bird offer book and pay before 12 May

Cape Town
Date: 18 & 19 July Early bird offer book and pay before 30 June Bookings close: 9 July

Durban
Date: 15 & 16 August Early bird offer book and pay before 31 August Bookings close: 6 August

T U O D SOL
Bookings close: 14 May Date: 10 & 11 October Early bird offer book and pay before 30 September Bookings close: 1 October

Registration 08h00-08:30. Each day concludes at 16h30.

3 ways to register
Lenell Hattingh, tel 011 699 6543 lenell@fsp.co.za Lenell Hattingh, fax 011 704 5884

Day 1: Program
SESSION 1: Vat foundation
Topics covered: The lowdown on the definition of enterprise Who must be registered for Vat and how When is deregistering for Vat the best thing to do? Basic Vat Law and documents Price variations with Vat Which key Vat skills youll gain Understand the meaning of enterprise and who should register for Vat or who shouldnt and why Learn the A-Z of Vat registrations how to fill in the VAT101 correctly, what to attach and how much time to take, so first visit to SARS is successful Find out who should deregister, why and how much it'll cost you, so that youre totally free from SARS upfront Understand how Vat works (basic principles), so that you can understand SARS if it throws legal jargon at you and survive anything it puts you through Learn if you should charge Vat on invoices you issued before you were Vat-registered, so you dont end up paying SARS out of your profit Know how to adjust your prices when a Vat increase takes place, so you are not out of pocket! The accounting basis explained in detail Make sure you are paying and claiming Vat on the correct basis so as to not put yourself at a disadvantage

SESSION 2: Vat supplies

Topics covered: The lowdown on charging rules Zero-rated supplies what a zero-rated supply is and their impact on your finances and taxes Exempt supplies what they are, how they work and what to do with them Deemed supplies how to handle these from a Vat point of view Which key Vat skills youll gain Discover what items Vat is charged on, so you dont pay over too much (or too little) to SARS Learn the A-Z of zero-rated supplies and services (dont pay Vat over, but claim all your input tax!)

Find out how exempt supplies can affect your Vat and your input tax!

Understand when you have to pay extra Vat and how to identify these situations, so you arent underpaying SARS

SESSION 3: Claiming Vat

Topics covered: Tax invoices the Dos and Donts Input tax how it works, and how to make it work for you Notional input tax - how it works, and how to make it work for you Get the lowdown on denied deductions Other input tax claims you didnt know about Apportionment understand what can and cant be claimed as input tax Which key Vat skills youll gain Get SARS documentation requirements right so you can claim right every time! Learn how to claim input tax correctly, so that you claim what you should when you should Discover what the difference is between input tax and notional input tax and how to claim it so that you dont lose on second-hand goods! Find out why you cant claim Vat on certain items so that you wont be penalised when SARS comes knocking Reduce your Vat bill by claiming input tax on items you didnt know about, so that you maximise your deductions Get to grips with apportionment and how to apply for a new non-standard apportionment method from SARS so that you cover your bases with it

Day 2: Program
SESSION 4: Special Vat Rules
Topics covered: Vat adjustments understand where you can and cant claim additional input tax claims (or where youll be forced to pay more output tax) Vat and fixed property how the new rules work Non-profit organisations and Vat Donations and sponsorships how Vat Law treats these Agents and principals clearing up the confusion once and for all! Imported services the lowdown on how Vat works on these Which key Vat skills youll gain Understand how and why you should be making adjustments

Understand how much input you can claim and when and how to charge Vat when you sell your property; special valuation rules; understand what counts as domestic goods and services in commercial accommodation Unlike other taxes, there is no Vat exemption! Learn how Vat registration benefits NGOs, what income is Vatable and what inputs you can claim on Learn the A-Z of donations and sponsorships, so you get the Vat right every time

Understand the agent/principal principle once and for all so that documents are issued correctly and Vat is claimed where seemingly never possible Find out when Vat is applicable with imported services and how to pay it over to SARS

SESSION 5: Vat returns, payments, refunds and audits

Topics covered: Vat returns we cover the revamped VAT201 in detail Vat payments know when to pay your Vat Vat refunds SARS has 21 days to pay you your refund TAB An overview Audits the lowdown on what to expect when it happens to you Which key Vat skills youll gain Learn how to complete the VAT201 in 7 easy steps to minimise unnecessary mistakes and penalties from SARS Its important to pay your Vat on time, otherwise youll be liable for penalties and interest on late payments. Learn how to use the refund dashboard on e-Filing to check up on SARS and get your refund in 21 days. Learn what you can do if SARS withholds your refund. A brief lowdown on its provisions and SARS new powers Understand what the dear vendor letter means and how to deal with SARS during an audit. Discover what rules SARS should follow and what documents you should keep to be on the right side of the taxman so that your audit is stress-free

Book and Pay today and Save R1 000!

Book and pay BEFORE the Early bird offer expires: R4 995 (R5 694.30 incl. Vat)

Book and pay AFTER the Early bird offer expires: R5 995 (R6 834.30 incl. Vat)

Who attended the 2011 Vat Masterclass Series?

Johannesburg Fresh Produce Market, Samcaw Field Services, SA Iron and Steel Institute, The Carousel, Rockwell Automation, Milpark Radiology, Frut Du Cap Marketing, Strang Rennie Metal Terminals, Arrow Cash & Carry, SA Home Loans, Mr Price Group, Pental SA, Uniflair SA, DraftFCB and many more.

Who should attend the Vat Masterclass?

Anyone who tackles Vat! Accountants and Bookkeeper, CEO's, Owners, Proprietors, Financial Controllers, Financial Managers and Financial Directors, Managing Directors, Members of Close Corporations, Tax and Vat consultants.

Leave the 2012 Vat Masterclass with:

Youll book your seat at the FSP Vat Masterclass, where Dee Bezuidenhout will teach you all you need to know about Vat. Shell also tackle your questions and Vat problems. Youll walk away with a pack of notes compiled by Dee. Refreshments and lunch included. Youll also gain: An understanding of Vat law, as well as how you should be interpreting it for your business Confidence that youre calculating and declaring Vat correctly, so you avoid penalties Ideas on how best to handle more complex Vat issues Vat strategies that are 100% legitimate, but save your business thousands in Vat!

Book e arly an d save!

3 ways to register
Lenell Hattingh, tel 011 699 6543 lenell@fsp.co.za Lenell Hattingh, fax 011 704 5884

Confirm your choice:

23 O & 24 May, JHB UT O LD 18 & 29 July, CT

15 & 16 August DBN 10 &11 October, JHB

Company name:________________________________________________________________________ Company by size: 149 50-249 250449 More Vat Reg. No.:________________________ Telephone: ___________________________________________________________________________ DELEGATE DETAILS: 1: Title: _________________________First name:____________________________________________ Surname:_____________________________________________________________________________ Job title: ____________________________________________ Cell no.:__________________________ E-mail:_______________________________________________________________________________ Dietary requirements:___________________________________________________________________ Do you want to receive more information on the Practical Vat Loose Leaf?: Yes No 2: Title: _________________________First name:____________________________________________ Surname:_____________________________________________________________________________ Job title: ____________________________________________ Cell no.:__________________________ E-mail:_______________________________________________________________________________ Dietary requirements:___________________________________________________________________ Do you want to receive more information on the Practical Vat Loose Leaf?: Yes No If youve sent us your registration, but havent heard back from us within 48 hours, please contact Lenell Hattingh, tel 011 699 6543 *FSP values your privacy and will ensure that your e-mail address remains private and confidential. NB: I hereby acknowledge that I have read and understood all the terms and conditions of my registration
Signature: ________________________________________________________ Name:_____________________________________ LABEM1

EASY PAYMENT METHOD

(Please fax through proof of payment for attention Lenell Hattingh) By Bank Transfer: Account Name: Fleet Street Publications (Pty) Ltd Bank: Absa Branch: Johannesburg North Account Nr: 4056522234 Branch Code: 632005 Payment reference: Your company name/Vat Masterclass 2012
Terms and Conditions 1. Should you be unable to attend, a substitute delegate is welcome at no extra charge. 2. Fleet Street Publications does not provide refunds for cancellations. Invoiced sums are payable in full within 14 days of the invoice date 3. Fleet Street Publications will make available course documentation to a delegate who is unable to attend and who has paid. 4. Fleet Street Publications reserves the right to alter the programme without notice including the substitution, alteration or cancellation of speakers and / or topics and / or the alteration of the dates of the event. 5. Fleet Street Publications is not responsible for any loss or damage as a result of a substitution, alternation, postponement or cancellation of an event. 6. Fleet Street Publications reserves the right to amend any part of the published programme, agenda or speakers due to factors outside of its control.