How does VAT work in South Africa?

In this video I talk about Value added tax and how VAT works in South Africa. I also had a look at when you need to register for VAT in South Africa and how the process works, here is the list of questions I answer in the video

This video is part of the "starting a business" series

0:00 - 0:15 intro
0:15 - 0:25 What is VAT?
0:25 - 3:36 How does VAT work?
3:36 - 4:10 What is Input tax and what is Output tax?
4:10 - 5:25 When do you need to register for VAT?
5:25 - 10:48 What is the VAT registration requirements?
10:48 - 12:13 What is Zero rated VAT?
12:13 - 13:17 What are exempt supplies?
13:17 - 15:40 What are the different VAT periods? When do you have to pay VAT?
15:40 - 16:15 What are the requirements for VAT invoices?

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