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Thread: Years of not being vat registered..

  1. #1
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    Years of not being vat registered..

    Good evening people

    I would like to know if you can help me with some advice please.

    I met a client that claims that since his company was registered him and his accountants have failed to register the company for vat. There are various reasons given.

    Now it's about 5 years running and since I don't have the full details as to how many years it's been trading above the threshold. I do know that currently it easily does turnover of about 350+ a month.

    Let's assume I get the info and find out that it's been trading above the threshold for 2or3 years.

    What will the action be that we can take?

    Vdp?

    Just register and hope sars don't backdate the registration?

    Do we register as at the year and month he was liable?this he will pay alot of money .

    What can I advise him?

    Anybody that has experience with this?

    Regards

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    Not sure what the correct thing to do is, however I have a question.

    Was he charging clients VAT and did his invoices to them show VAT?

  3. #3
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    Quote Originally Posted by AmithS View Post
    Not sure what the correct thing to do is, however I have a question.

    Was he charging clients VAT and did his invoices to them show VAT?

    Like I said before.

    I don't know all the details yet

    About the invoices I will have to fine out

    Hope he didn't

    Regards

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