Page 11 - ADVANCED TAXATION - Day 1 Slides

11
VAT Introduction

 VAT is very rule driven. The rules mostly make sense and

the principles must be practised in.

 Exam technique: There is lots of easy marks to obtain in
VAT, get them first and then try the more complex aspects.

 Types of questions:

 VAT payable / receivable calculation

 Journals (entry)

 Journals (corrections)

 Discussion