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

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

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.

14. Thank given for this post:

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

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