Creations · South Africa
VAT201 returns and supporting reconciliations
Review the sales, purchases and adjustments behind a VAT return, with the supporting records needed to explain the position to SARS.
What the work covers
Use this scope to identify what you need. Your proposal will confirm the services, records, reporting frequency and fees for your business.
- Review of VAT records for the agreed period
- Input and output tax schedules
- VAT control-account reconciliation
- VAT201 preparation and submission support
- Payment information and verification support where scoped
What to prepare
Tell us which records are available and where there are gaps. We can then distinguish ongoing work from any initial catch-up.
- Sales and purchase records for the tax period
- Supporting tax invoices and credit notes
- Import, export or other special-transaction records
- Prior returns, control accounts and SARS correspondence
Timing and responsibility
Timing depends on the records, approvals and work required. Tell us about any deadline at the start. The engagement should identify the person handling your work, the review responsibilities and any external specialist needed.
Review the transaction and its evidence
A bank payment alone does not establish a right to deduct input tax. Check the nature of the expense, business use and supporting documents. Special rules can affect exempt, zero-rated and mixed supplies.
Keep filing and verification distinct
Submitting a VAT201 does not settle every verification question or establish when a refund will be paid. Retain the records behind the amounts declared and respond to the specific SARS request. Check the deadline for the vendor’s tax period and submission method.
How the work progresses
- 01
Review the requirement
Identify the entity, reporting period, records and deadline.
- 02
Agree the scope
Set the outputs, responsibilities, fees and approval process.
- 03
Prepare and resolve
Work through the records and raise missing information or decisions.
- 04
Review and hand over
Complete the agreed approvals and retain the outputs and outstanding actions.
Questions before you start
Does a refund calculation guarantee payment?
No. SARS may verify the return and supporting records before determining the outcome.
Can an unsupported expense be claimed because it appears on the bank statement?
Do not assume so. The applicable deduction and documentary requirements must be considered first.
Official guidance
Related services
Let’s define the next step.
Tell us what you need, what is outstanding and when it matters.