HomeHome SearchSearch MenuMenu Our productsOur products

Three lesser-known Vat registration tips you should use

by , 20 August 2014
Many Vat vendors think Vat registration is a complicated process and they always get it wrong.

This shouldn't be happening.

Vat registration is simple if you have the knowhow. With the right information, you can send your application without any hassles, and before you know it, you'll have your Vat number and be enjoying all the benefits of being on the Vat system.

So where you do get the right information? Right here.

Take a look at the three lesser-known Vat registration tips so you can ensure this process goes smoothly.

*********** Reader's choice ***************

Confidential: 13 Vat secrets SARS doesn't want us to publish

These secrets will give you insider information on how to red-flag potential Vat risk areas, before the SARS team does.

Click here to find out what they are



You'll never go wrong if you use these three Vat registration tips

Tip #1: It's the person, not the enterprise, who must register for Vat

SARS will register you once for all your enterprises, sections or branches, unless you ask for permission to register the sections or branches separately.

So, if you trade as a sole trader, register in your own name. If your business is a CC or company, register in the name of the CC or company. If you're an association, register in the name of that association.

Tip #2: Have the right documents when you submit your application

When you apply to register as a Vat vendor, you must submit supporting documents with your Vat101 form.

If you get this wrong, SARS won't even look at your application. Check out this article, it contains the type of documents you must submit when you send your application.

Tip #3: Disclose all your trading names

When you register for Vat, disclose all your trading names. If you don't, SARS may deny your customers their input tax deductions. This will lead to unhappy and strained customer relations!

There you have it: Use these tips to ensure your Vat registration goes smoothly. For more useful tips, don't hesitate to check out the Practical Vat Loose Leaf Service.

Related articles

Related articles

Watch And Learn

Related Products


Recommended for You 

  Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance

Here are all the most interesting, thought-provoking and common tax questions
asked by our subscribers over the last tax year – everything from A to Z!

To download Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance click here now >>>
  Employees always sick? How to stop it today

Make sure you develop a leave policy to regulate sick leave in your company.

BONUS! You'll find an example of the leave policy and procedure in this report.

To download Employees always sick? How to stop it today click here now >>>
  Absenteeism: Little known ways to reduce absenteeism

This FREE e-report will tell you how you can reduce absenteeism in your workplace while avoiding the CCMA and without infringing your employees' labour rights.

To download Absenteeism: Little known ways to reduce absenteeism click here now >>>
  7 Health & safety strategies to save you thousands

Don't let a health and safety incident cost you one more cent. Implement these seven
strategies in your company today.

To download 7 Health & safety strategies to save you thousands click here now >>>