Page 25 - F6 Slide - VAT Part 1 - Lecture Day 5

Example

25

Mrs Z carries on three different enterprises that only make

taxable supplies. All three enterprises are carried on in her

own name.

 Enterprise 1: Turnover of R360 000 for 12 months

(excluding VAT)

 Enterprise 2: Turnover of R320 000 for 12 months

(excluding VAT)

 Enterprise 3: Turnover of R340 000 for 12 months

(excluding VAT)

Determine whether Mrs Z is obliged to register

for VAT purposes if the above information applies

to the 12 months ending 31 December 2014.