Results 1 to 2 of 2

Thread: New Business VAT Query

  1. #1
    Junior Member
    Join Date
    Jan 2015
    Location
    Gauteng
    Posts
    13
    Thanks
    1
    Thanked 0 Times in 0 Posts

    New Business VAT Query

    Hi there,

    If I've just started a company and need to do the bookkeeping, how do I capture all the invoices I have paid for? Including VAT or Excl. VAT? I know I cannot charge vat as we are not yet registered for vat.

  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,648
    Thanks
    3,304
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12
    As you are not a VAT registered vendor, capture costs inclusive of VAT.

Similar Threads

  1. SDL query
    By Christel in forum Tax Forum
    Replies: 0
    Last Post: 11-Apr-16, 09:09 AM
  2. [Question] Medical aid query
    By VanM in forum Tax Forum
    Replies: 1
    Last Post: 24-Mar-16, 04:55 PM
  3. [Question] Input Vat Query
    By crobbertse123@gmail.com in forum Tax Forum
    Replies: 1
    Last Post: 01-Oct-15, 04:28 PM
  4. Promotional Query
    By Kakerlak in forum Marketing Forum
    Replies: 0
    Last Post: 02-Oct-09, 10:35 AM
  5. IT3a query
    By bjorn10 in forum Tax Forum
    Replies: 1
    Last Post: 31-Jan-09, 09:08 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

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