# Thread: HELP ON VAT PLEASE

1. ## pleASE HELP

hi; can some one help me on the following topics by giving me a definition and example for each:
vat exempt, zero rated.
also; please explain the consequences for a business for the non payment of vat to sars.
also; please help ,me by calculating the correct vat amount and show me the working out and formulas for the following:
sales (inclusive vat)=456000
sales (exclusive vat)=97000

thanks
How wonderful it is that nobody need wait a single moment before starting to improve the world. ~Anne Frank

2. WILL SOMEBODY OR ANYBODY HELP!!!! HELLO THIS IS URGENT!!!

3. May I suggest that you visit the SARS website and download the guide: VAT 404 - Guide for Vendors

It would be a little unfair to expect the members of the forum to summarise the entire VAT act here for you, I think SARS has done a fair job themselves.

Once you have gone through the guide, I am sure that help will come on specific problems.

4. ## Thanks given for this post:

rram (28-Aug-11)

5. VAT is calculated using mathematics

To calculate the VAT from a VAT inclusive figure, multiply the figure by 14 and divide by 114
So R456,000.00 * 14/114 = R56,000.00 and the original amount is R 400,000.00 (Subtract the VAT amount from the original figure).

To calculate the VAT on a VAT exclusive figure, simply multiply by 14 and divide by 100.
So R97,000.00 *14/100 = R13,580.00 yielding a total of R110,580.00.
To calculate the full figure with the VAT multiply by 1.14 so R96,000.00 * 1.14 = R110,580.00

6. ## Thanks given for this post:

rram (28-Aug-11)

7. ## HELP

hi; can some one help me on the following topics by giving me a definition and example for each:
vat exempt, zero rated.

8. I CANT THINK OF ANYWAY ON HOW TO THANK U!!!! TAHNKS SO MUCH

9. ## HELP ON VAT PLEASE

hi; can I GET SOME ASSISITANCE on the following topics FOR MY ASSIGNMENT by giving me a definition and example for each:
vat exempt, zero rated.
also; please explain the consequences for a business for the non payment of vat to sars

10. ## PLEASE READ!!!

PLEASE GIVE ME THE FORMULA FOR THE BREAK EVEN POINT AND EXPLAIN WHAT IT ACTUALLY IS!!!
THANKS

11. Just type 'break even point' in Google.

I hope they are not charging you for this course, don't they supply any notes

12. ## Thanks given for this post:

geraldenek (29-Aug-11)

13. Sounds like we are doing your assignment for you.

Research is part of learning, getting answers with no effort ain't gonna make you make it.

Time to start reading

14. ## Thank given for this post:

mbsmit (22-Oct-11), Mike Simmonds (28-Aug-11)

Page 1 of 2 12 Last

#### Posting Permissions

• You may not post new threads
• You may not post replies
• You may not post attachments
• You may not edit your posts
•