# Value Added Tax (VAT) notes

> CAPS-aligned study notes for Value Added Tax (VAT) in Grade 12 Accounting. Browse the sections below for explanations, worked examples and exam preparation.

- Page: https://www.hlayiso.com/grade-12/accounting/notes/value-added-tax-vat

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## Sections in Value Added Tax (VAT)

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- [Value Added Tax (VAT)](https://www.hlayiso.com/grade-12/accounting/notes/value-added-tax-vat/value-added-tax-vat) — Value Added Tax (VAT) Value Added Tax is an indirect tax levied on the supply of goods and services in South Africa. Currently set at 15%, VAT is collected by businesses on behalf of SARS. As an…
- [VAT calculations](https://www.hlayiso.com/grade-12/accounting/notes/value-added-tax-vat/vat-calculations) — VAT Calculations Every time you buy something at a shop, a portion of the price goes to the government as Value Added Tax (VAT). As an Accounting student, you need to understand how VAT is…
- [VAT Control Account](https://www.hlayiso.com/grade-12/accounting/notes/value-added-tax-vat/vat-control-account) — VAT Control Account In the previous section, you learned how to calculate VAT amounts. Now you need to understand how these amounts are recorded in the books of a business. The VAT Control Account is…

## Other Accounting topics

- [Basic Accounting Concepts](https://www.hlayiso.com/grade-12/accounting/notes/basic-accounting-concepts)
- [Companies](https://www.hlayiso.com/grade-12/accounting/notes/companies)
- [Manufacturing](https://www.hlayiso.com/grade-12/accounting/notes/manufacturing)
- [Budgets](https://www.hlayiso.com/grade-12/accounting/notes/budgets)
- [Reconciliations](https://www.hlayiso.com/grade-12/accounting/notes/reconciliations)
- [Inventories](https://www.hlayiso.com/grade-12/accounting/notes/inventories)
- [Fixed Assets](https://www.hlayiso.com/grade-12/accounting/notes/fixed-assets)

## Frequently asked questions

### What is covered in Value Added Tax (VAT) for Grade 12 Accounting?

The Value Added Tax (VAT) section covers all key concepts from the Grade 12 Accounting CAPS curriculum, including detailed explanations, worked examples, and exam preparation tips.

### Are the Value Added Tax (VAT) notes free?

Yes. Each section has a free preview, and a free Hlayiso account lets you read the full notes.

### How do these notes help with exam preparation?

Our Value Added Tax (VAT) notes are CAPS-aligned and include worked examples, common mistakes to avoid, and exam tips — everything you need to prepare for your Grade 12 Accounting exams.

### Are there quizzes for Value Added Tax (VAT)?

Yes. Hlayiso has quizzes for Value Added Tax (VAT) in Grade 12 Accounting. Test your understanding after reading the notes.

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