Day 6. Value Added Tax

F7. Preparing and completing VAT returns

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.