Page 4 - F6 Slide - VAT Part 1 - Lecture Day 5

VAT Introduction

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 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