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Be warned! If you perform any of the following Vat offences, you could face two years in jail

by , 29 August 2014
Some Vat vendors think failing to comply with the Vat Act isn't a big deal.

They think, 'it's fine I'll just pay a penalty and carry on with my business.'

But it's not that simple. What you may not know is committing certain Vat offences results in imprisonment.

It's true.

If you perform any of the following Vat offences, you could face two years in jail...


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These Vat offences will land you in jail for two years


The Practical Vat Loose Leaf Service explains that if you intentionally do any of the following and are convicted you could face two years in jail:

  • You don't register your details with SARS or let it know if you've changed your personal details;
 
  • You've appointed a tax representative to handle your Vat on your behalf and you don't notify SARS. Or you don't let SARS know if the details of the person you've appointed have changed;
 
  • You don't submit a Vat return or relevant documentation to SARS;
 
  • You don't keep your records in the correct format and for the correct amount of time;
 
  • You submit a false certificate or statement, for example, knowingly filling in the incorrect figures on a Vat return is seen as a false statement; and
 
  • You dissolve your assets or help someone else dissolve their assets to obstruct the collection of Vat, penalties or interest.
 
We've just scratched the surface. These are just some of the Vat offences that will land you in jail for two years. To get the full list, check out the Practical Vat Loose Leaf Service.

The important point here is you could land in jail for these Vat offences so never commit them. Our advice is you must familiarise yourself with the Vat Act, comply with it and ALWAYS be honest when it comes to your Vat affairs.

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