• 9 Marks

PT – April 2022 – L2 – Q2a – Value Added Tax (VAT)

Describe activities under VAT that do not require meeting the threshold rule before registration is done.

a) Meeting the threshold is a requirement for VAT registration. Others may come under voluntary registration. However, certain activities must be registered despite the above rules.

Required:
Describe activities under VAT, which do not require meeting the threshold rule before registration is done.
(9 marks)

Despite the threshold rule under Section 11 of the VAT Act, 2013 (Act 870), the following activities are exceptions and must register for VAT regardless of the threshold:

  • National, Regional, Local, or Other Authorities: Any authority or body that carries out a taxable activity must register for VAT within thirty days of starting the activity.
  • Auctioneer: An auctioneer must register within thirty days after becoming an auctioneer.
  • Promoter of Public Entertainment: A promoter must apply for registration at least 48 hours before the event. If, in any period of twelve months or less, the promoter’s taxable supplies are expected to exceed GH¢10,000, they are required to register

    • .

(9 marks)

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