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VAT for accounts receivable

VAT for accounts receivable
VAT for accounts receivable
VAT for accounts receivable
Get ready for VAT

Businesses with revenues of over $100,000 must be registered and be ready for VAT implementation from 1 January 2018.A critical success factor for the VAT implementation will be upskilling yourself and your workforce with the right knowledge and skill-set in the coming months.

With this in mind, PwC’s Academy, the education and training business of PwC, has designed a suite of fit-for-purpose VAT courses that cover the fundamentals of the new VAT framework, it’s impact on business and the technical and financial acumen required to manage this change.

days
2
Days
CPE credits
12
CPE credits
e-learning modulesavailable
e-learning
modules available
VAT for accounts receivable

A VAT registered organisation is obliged to charge VAT on all taxable supplies made, and maintain clear records of the amounts collected and due to the authorities. 

In this course delegates will gain an understanding of output tax, key regulations surrounding collection of output VAT, and also have an opportunity to put into practice what they have learned using a range of case study scenarios and practical examples.

VAT for accounts receivable

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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  • 5% early bird discount for registrations completed one month before course
  • 10% corporate discount for a minimum of 3 registrations
  • 15% group discount for 4 or more registrations.

Discounts cannot be combined.

Want to run this in-house?
Course structure

Delegates will gain in-depth knowledge of:

Who is liable to pay VAT

When must VAT be charged

  • Time of supply
  • Place of supply

The applicable rate of VAT (standard, zero rating, exempt item sand transactions out of the scope of VAT)

Non standard transactions, when and how must VAT be accounted for in the cases of

  • Sale, return
  • Export
  • Bad debts, and the relief for bad debts
  • Supplies to employees
  • Other deemed supplies

What is a VAT invoice

  • What does a VAT invoice look like
  • What information must the VAT invoice include

Invoicing procedures

  • Special circumstances (electronic invoice, discounts, credit/debit notes)

What records and documentation should be maintained, and for how long

Calculating output VAT for inclusion in the VAT return

Schedule
Schedule

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

Trainers
Frequently asked questions

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