[Question] VAT calculation template - Insurer

[Simbonile]

Hi Guys

I have a VAT client in the Insurance Business. Could you please forward me a template or an easy reference guide with some pointer in relation to the vat calculations? I understand things like insurance premiums are exempt. The SARS guide on the website doesn’t help me much and I don’t want to make silly mistakes.
Please assist.

Thank you,

[Dave A]

I understand things like insurance premiums are exempt.

That's not a good start.

What sort of insurance?

[Simbonile]

Hi Dave,

It's life insurance

[Dave A]

Whew!

Not all insurance premiums are exempt supplies, so you had me worrying there for a moment.

[Simbonile]

Hi guys

Can you still assist me with my query?
Is there a guide or a template that you can forward me regarding VAT treatment/ calculation for an Insurance Broker company.
SARS consultants have not been able to assist me when I call them.

Thanks