A few questions on VAT:
1. An individual earns income from different sources (ie hairdressing and selling baked goods), must all income be added together to determine if the individual should register for VAT ? What if neither one of these enterprises earn more than R 300 000 p.a, but together they exceed that limit ?
2. If an individual receives income for a service rendered and that fee consists of travelling expenses and service fee, should the travelling expenses be included in income when determining if the R 300 000 limit has been reached ?
3. Are royalties earned by authors / musicians subject to VAT ? And if so, how can they claim "input" VAT if the work was done years before the royalties are earned and before registration for VAT was needed ?
Hope someone can help !