Syllabus F7

Preparing and completing VAT returns ^{7 / 8}

a) Computing VAT liabilities
i) input tax
ii) output tax
iii) impaired debts
iv) discounts
v) irrecoverable VAT.
b) Make adjustments and declarations for any errors or omissions identified in previous VAT returns.
c) Accounting for VAT
i) return periods
ii) tax point
iii) VAT return.