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  • University Of South Africa (Unisa)
  • TAX3761 - Taxation Of Business Activities And Individuals (TAX3761)
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Tax3761 Assignment 1- 2021 Solutions

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QUESTION 1

PART A
If Transpaco (Pty) Ltd was not a registered VAT vendor, what would the requirements have been for
Transpaco to register as a VAT vendor in relation to the 12-month period ended 30 April 2021.

It is mandatory for Transpaco (Pty) Ltd to register for VAT if the income earned in any consecutive
twelve month period exceeded or is likely to exceed R1 million.
Transpaco (Pty) Ltd may choose to register voluntarily if the income earned, in the past twelve month
period, exceeded R50 000


Calculate the VAT payable by or refundable to Transpaco (Pty) Ltd for the two-month tax period ended 30
April 2021. Show all calculations and indicate reasons for not claiming input tax or for not accounting for
output tax.




Provide the last date on which the VAT payment for April 2021 should be made to SARS. Transpaco (Pty)
Ltd submits the VAT201 return via the SARS e-filing system.
31 May 2021




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