VAT
Deliberate loss of VAT
Introduction – The tax issue and its importance The tax issue concerns the deliberate claiming of input tax by means of false invoices, which were issued for supplies that were never made. This is important as it concerns the integrity of the VAT system, ensuring that businesses accurately report and pay their taxes. Deliberate fraud […]
3 mins read
Case – Why it is important to understand if a property has chosen to be taxed with VAT
Introduction Our client purchased land that the seller thought would be covered by a tax option. The problem Adding VAT to the sales price would make the transaction untenable, as the customer would not be able to recover the VAT. How we solved it We reviewed documents dating back to 2004, when the initial taxation […]
1 min read