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Fundamentals of VAT
Fundamentals of VAT
Fundamentals of VAT

It is essential that the finance team understands the principle rules of VAT in order to implement VAT across the organisation.

In this course participants will learn about VAT in an accounting system for both outputs (sales) and inputs (purchases and expenses) in the business, as well as accounting entries to record VAT. Individuals working with VAT at an operational level on the procurement or accounts payable side of a business will gain a clear understanding of input VAT and its recoverability.

1 day
CPE Credits
CPE credits
Fundamentals of VAT

This course will help participants gain an understanding of output tax and the key regulations surrounding collection of output VAT. Participants will also have an opportunity to put into practice what they have learned using a range of case study scenarios and practical examples.

Fundamentals of VAT

PwC has a proven track record of helping solve tomorrow’s problems today and at the heart of that is our belief in the importance of training. We aim to equip you with the knowledge and skills to embrace the many challenges of this new regime.

Our global network of expert professionals bring their knowledge and practical experience, gained from working within leading organisations, including many in jurisdictions with established VAT systems, into the classroom to give an insight into the commercial and practical realities of working with VAT.

It is of vital importance to prepare early. Our award winning Academy has a proven track record in finance and business training, and 100% pass rates* in our tax professional qualifications, so we can support our client’s business and people in preparation for January 2018, and beyond.

Practical learning. Using practical examples, quizzes and case studies, and supplemented by e-learning support tools, our courses enhance the learning experience and help improve retention and on-the-job application.

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Fundamentals of VAT

This course is suitable for directors, department heads, chief financial officers, and entrepreneurs. It will also benefit any individual who works in the finance or tax department of the organisation or is involved in VAT implementation and compliance and wants an understanding of obligations and rights of the business.

We have the following discount options available:

  • 5%  Early bird 
  • 10% Professional body/ Corporate discount 
  • 15% Group discount: 3-4 people- Corporate and self paid 
  • 20% Bulk discount (5 or more)
*Terms and conditions apply
Want to run this in-house?
Course structure

General overview

  • An overview of the broader government strategy and objectives with regards to the VAT system
  • The recent VAT developments
  • The taxable person
  • Registration and deregistration requirements
  • What is a taxable supply and

Input VAT

  • When can Input VAT can be deducted
  • What evidence or documentation is required in order to deduct Input VAT
  • How much Input VAT can be deducted
  • What Input VAT is not deductible
  • Partial Exemption: when should an organisation apply the proportional deduction
  • Limitation and exceptions to the right to deduct Input VAT on specific expenses (e.g. employee expenses, car expenses, business entertainment).

Output VAT

  • Rates of VAT (standard rate, zero rate, exemption)
  • How to calculate VAT on a VAT taxable transaction
  • Valuation of a transaction for VAT purposes
  • When must VAT be accounted for (sale, export, bad debt relief, deemed supplies)

Accounting for VAT

  • VAT in the accounting system
  • When must VAT be charged
  • Time of supply
  • Place of supply
  • What are invoicing procedures
  • What is a VAT invoice, and when is a VAT invoice required
  • Which transactions require VAT invoices (and which do not)
  • What does a VAT invoice look like
  • What information must the VAT invoice include
  • Who is responsible for raising VAT invoices
  • Electronic invoices, discounts, credit/debit notes
  • What are the accounting entries to record VAT
  • Preparing the VAT return from the accounting records
  • What VAT records must be maintained

Case studies

  • Practical scenario’s and illustrative examples and their VAT treatment


There are no scheduled dates for this course. Fill out the form to check future dates or deliver the course in-house

Frequently asked questions

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