We received and anlayzed the data. The verification process started and I received feedback from Cary-Ann Oosthuizen. The final feedback report will be available by the end of February.
Brucee Deonarian left the company and I was unsuccessful to find a new contact.
We identified the possible under claim of VAT because VAT input was only claimed on direct attribution. To enable the claim of input VAT on other expenses, an apportionment ratio needed to be calculated. We have calculated apportionment ratios and the results was given to Este for review. In the meantime a first test of the data was done, to verify the Suppliers registered for VAT. As the result of the information obtained on the suppliers VAT status, the input VAT claimable, can now be identified and calculated based on the apportionment ratio. A schedule will be prepared to support an input VAT claim. We further have agreed to prepare a file, for a possible SARS review, the file will support the VAT claim. The process will be continued on 5 February as agreed by Este..…show more content… To enable the claim of input VAT on other expenses, an apportionment ratio needed to be calculated. We have calculated apportionment ratios and the results was given to Este for review. The test of the data, to verify the Suppliers registered for VAT will run concurrently with the file preparation for SARS. The information obtained on the suppliers VAT status, will enable us to identify and calculated the input VAT claimable, based on the apportionment ratio. A schedule will be prepared to support an input VAT claim. We further have agreed to prepare a file, for a possible SARS review, the file will support the VAT claim. The process will be continued on 5 February as agreed by
