VAT 201 by gyvwpsjkko

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									                                                                                                                                                                            VAT 201
                                                                                                                  VALUE-ADDED TAX
                                                                                                                  Return for remittance of VAT                                 PART 2
                                                                                                                                                                                Always quote this
                                                                                                                                                                                registration number
                                                                                                                                                                                in correspondence
                                                                                                                                                                                and during
                                                                                                                                                                                Interviews
                                                                                                                        Please use this telephone no. for any enquiries



                                                                                                                         Last day for
                                                                                                                         rendering return


                                                                                                                       Amount of payment           R

                                                                                                                       Remittance received
                                                                                                                               on

                                                                                                                      Method of payment / indicate with an “X” below
                                                                                                                          Cheque            2          Cash        1      Bank/Internet

                                                                                                                            Area                              Tax Period

                                                                                                                                                  Change of address
Trading or other name




     Tax period ending                                                                                                 Date received                                                  VAT 201
VAT registration number                                                                                                     Area
                                                                                                                                                                             *          PART 1

                                                                                                                                                                       *
                                                                                                                                                                           See general note 2 on overleaf
 A. CALCULATION OF OUTPUT TAX                                                                            RANDS ONLY                                                R                               C
 Supply of goods and/or services by you:                                                           CONSIDERATION (INCLUDING VAT)                                            VAT
                                                                                                                                                      r
 Standard rate (excluding capital goods and/or services and accomodation)                          1                                              X
                                                                                                                                                   100 + r    4
                                                                                                                                                      r
 Standard rate (only capital goods and/or services)                                               1A                                              X100 + r    4A
 Zero rate                                                                                         2
 Exempt and non-supplies                                                                           3
 Supply of accomodation:        TOTAL AMOUNT (EXCLUDING VAT)                                           TAXABLE VALUE (EXCLUDING VAT)

 Exceeding 28 days              5                                                x 60%             6
 Not exceeding 28 days                                                                             7                                                                        VAT
                                                                                                                                                     r
                                                                                 TOTAL             8                                              X 100       9
 Adjustments:                                                                                     CONSIDERATION (INCLUDING VAT)                                             VAT
                                                                                                                                                      r
 Change in use and export of second-hand goods                                                    10                                              X100 + r    11
 Other                                                                                                                                                        12

  TOTAL A                     TOTAL OUTPUT TAX (4 + 4A + 9 + 11 + 12)                                                                                         13

 B. CALCULATION OF INPUT TAX (Input tax in respect of):
 Capital goods or services imported by and/or supplied to you
                                                                                                                                                              14
 Other goods or services imported by and/or supplied to you (not capital goods and/or services)
                                                                                                                                                              15
 Tax on adjustments:
 Change in use
                                                                                                                                                              16
 Bad debts                                                                                                                                                    17
 Other                                                                                                                                                        18

  TOTAL B                     TOTAL INPUT TAX (14 + 15 + 16 + 17 + 18)                                                                                        19

   VAT PAYABLE / REFUNDABLE (Total A - Total B)                                                          This block must be completed                         20
   Additional penalty               R                                        C   + interest   R                                    C    =                     22

              AMOUNT PAYABLE / REFUNDABLE                                                               (TOTAL A - TOTAL B)                                   23

 C. CALCULATION OF DIESEL REFUND IN TERMS OF THE CUSTOMS AND EXCISE ACT
24
24
24   On land                                                                                                                                                              DIESEL
24
25
24   Total purchases (l)                                                          24
                                                                                  26
                                                                                  24   Non-eligible purchases (l)                                                  R                               c
24
27
24   Eligible purchases (l)                                              X        80% 28
                                                                                      24
                                                                                      24                                         X 71.5                c/l 29
                                                                                                                                                           24
                                                                                                                                                           24
24
30
24   Offshore

31
24
24   Total purchases (l)                                                          32
                                                                                  24
                                                                                  24   Non-eligible purchases (l)

33
24
24   Eligible purchases (l)                                                                                                      X 131.5                c/l 34
                                                                                                                                                            24
                                                                                                                                                            24
24
35   Rail & Harbour services
24
36
24
24   Total purchases (l)                                                          24
                                                                                  37
                                                                                  24   Non-eligible purchases (l)

24
38
24   Eligible purchases (l)                                                                                                      X 31.5                 c/l 39
                                                                                                                                                            24
                                                                                                                                                            24

TOTAL AMOUNT PAYABLE or REFUNDABLE 20-(29+34+39) or 20+(29+34+39)                                                                                             40
                                                                                                                                                              24
                                                                                                                                                              24


Tel No:                                     I certify that the particulars in this return are true and correct.


Fax No:
Contact details for THIS return only                   Authorised person’s signature                                                   Capacity                                     Date
                                                                          RECEIPT



  VAT 201




     NOTES

1. Any late payment will be allocated in the following order: penalty, interest, additional tax and tax.
2. If you have submitted a debit order authorisation (VAT 201 A) SARS is authorised to debit your bank account electronically
   with the amount of VAT payable as indicated on your return. Your VAT return must however still be submitted to SARS by
   the date as mentioned below.
3. Notify SARS of any changes in your personal particulars or that of your enterprise.
4. Complete Part C for diesel refund claims. Claims must be based on valid diesel tax invoices.
5. Refer to your VAT404 and diesel refund guide for more details.

                                                                                          SARS MUST RECEIVE YOUR          SARS MUST RECEIVE YOUR
                                                                                          PAYMENT ON OR BEFORE             RETURN ON OR BEFORE
         PAYMENT METHOD                               TYPE OF RECEIPT                      THE LAST PRECEDING               THE LAST PRECEDING
                                                                                              BUSINESS DAY                     BUSINESS DAY
 Cash (No limit)                            SARSBank receipt (if paid at Cash Hall)       25th                            25th
                                            SARSBank receipt (if paid at Cash Hall)
 Cheque (Maximum R5 million)                VAT213 (if posted)                            25th                            25th

 Payments at FNB                            Deposit slip (do not attach to return)        25th                            25th

 Debit order (Maximum R500 000)             VAT 213                                       Last business day               25th
 E-filing of return and payment via                                                       Last business day               Last business day
 service provider (No limit)                Confirmation slip
 Electronic transfers (including Internet
 banking maximum R5 million)                Confirmation slip (do not attach to return)   25th                            25th



     COMPLETION OF VAT RETURN

1.     Consideration (including VAT) i.r.o. standard rated supplies and deemed supplies, excluding any amount i.r.o. accommodation
       but including meals supplied by an enterprise which provides commercial accommodation.
 1A    Consideration (including VAT) i.r.o. capital goods and/or services, including the sale of all capital goods and/or services on which input
       tax was claimed and allowed, excluding the sale of motor vehicles and entertainment goods (e.g. yacht) on which input tax was denied.
 2.    Zero-rated supplies.
 3.    Exempt and non-supplies.
 4&4A. Calculate the VAT on the consideration. Use the tax fraction, i.e. 14/114.
 5.    Total amount (excluding VAT) i.r.o. the full period covered by the return, during which accommodation was supplied by an
       enterprise which provides commercial accomodation for a period of 28 days or longer, which are not included in the all
       inclusive charge for the accommodation. These amounts should not include any amount in respect of meals or other charges.
 6.    60% of the amount in 5 above.
 7.    Taxable value (excluding VAT) i.r.o. commercial accommodation supplied for a period equal to or less than 28 days.
 8.    Total of the amounts in 6 and 7 above.
 9.    VAT i.r.o. total value calculated in 8 above. Use the tax rate, i.e. 14% to calculate VAT and NOT the tax fraction.
10.    Consideration (including VAT) for change in use AND purchase price of exports of second-hand goods i.r.o. which a
       notional input tax credit was claimed.
11.    VAT i.r.o. consideration in 10 above. Use the tax fraction, i.e. 14/114.
12.    Output tax i.r.o. debit notes issued AND credit notes received AND other adjustments.
13.    Total output tax.
14.    Input tax i.r.o. capital goods and/or services imported or purchased and in respect of which a valid tax invoice or Bill of
       entry is held.
15.    Input tax i.r.o. goods and/or services imported or purchased and in respect of which a valid tax invoice or Bill of entry is held.
16.    Goods and/or services previously applied for non-taxable purposes now wholly or partially applied in the enterprise AND increase
       in extend of application or use of goods and/or services for taxable purposes.
17.    Input tax in respect of irrecoverable debts (only if registered on the Invoice basis of accounting).
18.    Input tax in respect of credit notes issued AND debit notes received AND other adjustments.
19.    Total input tax.
20.    VAT payable/refundable = total output tax - total input tax.
        Calculation of diesel refund in terms of the Customs and Excise Act:
24-29 On land: Total purchases (litres) minus non-eligible purchases (litres) equals eligible purchases (litres) multiplied by
      concession percentage (%) equals claimable litres (only complete litres claimable) multiplied by cents per litre equals refund.
      CONCESSION PERCENTAGE (%) FOR ON LAND IS 80%
30-40 Offshore and Rail: Total purchases (litres) minus non-eligible purchases (litres) equals eligible purchases (litres)
      multiplied by concession percentage (%) multiplied by cents per litre equals refund.


Hours for receipt of cash: Mondays to Fridays: 08:00 - 15:30. Weekends and public holidays: CLOSED.
Did you know that you can submit returns and payments free of charge electronically via e-filing? For more information, visit www.sarsefiling .gov.za or
call 0860709709 or send an e-mail to info@sarsefiling .co.za

								
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