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Thread: Vat Recon for Uneven Vat Periods - IT14SD

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    Vat Recon for Uneven Vat Periods - IT14SD

    Hi

    SARS registered my CC for VAT as Category A periods of 2 months ending Jan, Mar, May etc.
    I have received an IT14SD and am not sure as to how i should reconcile the output vat amounts. If i add up my Vat output amounts from March 2011 to Feb 2012 then there is no reconciling difference. However if i add up the Vat 201 returns in field 13 from March 2011 to Jan 2012 then i have a diffrence.
    I am not sure which reconciliation to use on the form as people who i have spoken to and who have received an IT14SD were registered as a Category B ending Feb, April etc. With regards to the difference i was advised to state the reason as being Uneven Vat periods Feb & Mar.

    Thank You

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    I've got a company on the odd month VAT cycle and the annual audit VAT recon has always been a PITA compared to my even month VAT cycle companies.

    I'd love to hear SARS's official response to this dilemma
    The trouble with opportunity is it normally comes dressed up as work.

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    Despite being a Category A, you should produce the required numbers for the tax year; March to Feb, from your VAT trail.

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    Thanks Clive.

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