Giving the right advice is critical.

‘SARS expects you to know’

LexisNexis Practical Guidance brings you the VAT Practice Area.

Base your expert advice on up-to-date, reliable information and reduce your preparation time with an online tool that provides easy access to forms and explanatory notes.

LexisNexis Practical Guidance VAT is the perfect addition to our well received Income Tax Practice Area. It offers you an extensive taxonomy covering 14 main topics of VAT, including amongst others: Registration, Submissions, Supplies subject to VAT and Exempt Supplies. Everything you’re looking for is available in an easy-to read and searchable format.

Deal with SARS confidently when handling assessments, objections and appeals.

You will have quick access to SARS reference guides and prescribed forms, all available for your convenience on one site. With dynamic search functionality, the documents you need are easily accessible.

Interpretation notes, Binding General rulings and guides issued by SARS are just some of the additional practical aids that you will have access to as part of your Practical Guidance VAT subscription.

Our expert author has included references to relevant legislation and case law within the body of the guidance notes to ensure that you have the latest most relevant information available.

The efficient way to ensure that you are giving accurate VAT advice.

Practical Guidance VAT allows you to search across relevant tax publications and gives you the ability to save custom searches in different folders and track latest developments.

Accessible almost anywhere and on multiple devices, this reliable online tool helps you stay abreast of the latest developments in your field. It also provides up-to-date practical interpretations and examples, which are clearly indexed and easily searchable.

  • Guidance Notes
    Direct access to relevant case law, legislation and commentary works offering practical know-how on specific areas within Income Tax.
  • Practical Aids
    Precedents, checklists, flowcharts and forms are tools you can use to provide advice confidently and execute tasks accurately
  • Breaking News
    Updates on latest developments ensuring that you are at the forefront of an ever changing environment and always stay current.
  • Dynamic Search
    Ability to create and name folders in which to save search results. Get to the right information quickly, with the ability to drill down to relevant information.

Expert Contributors
Ferdie Schneider

B.Com; B.Com Hons (Econ); Post Graduate Higher Education Diploma. M.Com (Econ) (cum laude); M.Com (SA & International Tax) (UJ); Certificate in International Tax (Southern Methodist University); Partner Leadership Development Programme (GIBS)

Ferdie is a Tax Director at BDO and is the National Head of Tax in South Africa. He is a tax expert with deep specialisation in VAT, Fiscal Economics, and Tax modelling. He is also a Master Tax Practitioner at the SA Institute of Tax Practitioners; a Member of the SAICA, SAIA, and SAIT VAT Committees; and a Panel member of National Treasury’s Economic Policy Panel of Experts.

Ferdie worked at SARS (1990 – 1994) and later joined the National Treasury as a taxation economist in 1994. He has served as secretary to the Tax Advisory and the Katz Commission (1994-1996), and was a member of the VAT Committee on Financial Services (Katz Commission) which considered VAT on financial services.

In 2010 Ferdie co-chaired a VAT Credit Retail focus group with SARS on attribution and VAT apportionment; and in 2011 he settled a high value, technical VAT dispute for the insurance industry. He also co-authored KPMG Managing VAT, writes various technical articles for South African and international publications and was a past editor of The Practical VAT Handbook.

 
VAT - Table of contents
  • An overview of the VAT system
  • Registering for VAT
  • How to register for VAT
  • Deregistration
  • Tax periods
  • Accounting basis
  • VAT payments
  • Supplies
  • Zero rated supplies
  • Deemed supplies
  • Typically exempt supplies
  • Financial services
  • Time of supply
  • Value of supply
  • Importation of goods
  • Importation of services
  • Input tax rules
  • Apportionment
  • Denial of input tax
  • Special input tax rules
  • Documentary requirements
  • Exceptions
  • General adjustments
  • Change in use
  • Penalties
  • Interest
  • Assessments
  • Dispute resolution
  • Alternative dispute resolution (ADR)
  • Obtaining a tax ruling
  • Types of rulings
  • Using the Tax Administration Act to manage VAT

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