Errors in VAT invoices could cost you thousands!
Are there any inaccuracies in your VAT invoices? You may be charged a very high penalty!
The truth is brutal! Even if it wasn't you who made the mistake, it may be you who will bear the consequences. If SARS has found inaccuracies, you will be assessed, held liable to penalties and interest and possibly even additional tax! You may even be prosecuted!
To be continued here...
SARS has issued correspondence for your VAT audit; it requires your immediate attention
The words 'VAT audit' send shivers down most Vat payer's spines...Once you've gotten over the shock that your company's been chosen for a VAT audit, you have to wait for that dreaded day to arrive where you'll spend hours on end sitting with auditors or running around to search through accounts, VAT returns and audit trails. This isn't only time consuming, it's a downright nerve-racking experience!
Now imagine, only 20 minutes into the audit the team finds a mistake that you made two years ago. Because you don't know what to expect, you start doubting whether or not all your VAT papers are compliant!
Put those fears to bed today!
If you claim input tax, your SARS VAT audit is impending
And when the SARS auditor comes knocking or sends a query, he'll check if:
Here's everything you need to secure every input tax claim you submit.