Hardin Smith is the owner of Staples (Pty) Ltd. The business is a registered VAT vendor and accounts for VAT on the invoice basis.

The following information is an extract from the accounting records of Staples(Pty) Ltd for the December/January 2020 VAT period.

Assume a standard VAT rate of 15%. All amounts include VAT unless VAT is not applicable.

Transactions with non-vendors are indicated with an asterisk (*). Assume that all vendors have submitted valid source documents in accordance with the VAT Act (where applicable).

Cheques issued:

Cheque no.                 Particulars                  Allocation                  Amount (R)

201                             ADT Supplies            Trading inventory        4 468,75

202                              Bella Boo               Entertainment              165,00

203                                 Kalula Air            travel expense               962,50

204                            Insurance Life              insurance                  68,75

205                   Natal Toxins                     Illuminating paraffin      137,50

206                 Arthur Gibbs                 Delivery vehicle                16 500,00

207                Trendcool                      Staff water cooler               618,75

208                Plumbers and fitters      Repairs and maintenance*   343,75

 

Debits on the bank statement:

 Debit order for monthly insurance account, R4 812,50

 Stop order for internet account, R7 562,50

 Debit order for Entertainment expense, R275,00

 

Credits on the bank statement:

 Direct credit for cash sales, R130 625,00

 Received R618,75 from Jane in part payment of his account (no discount)

 

Receipts not included above:

 On 7 January 2019, an amount of R75 625,00 was transferred from Russia for goods, which were sold and transported to a registered business in that country.

 On 15 January 2019 an original cash invoice was issued for consultation income, R1 718.75.

 On 20 January 2019 equipment was sold for cash, R7 796,25.

 On 26 January 2019 the business received an insurance pay-out on stock sold, R10 697,50

 

Other transactions

 Bad debts/credit losses written off, R35 598,75.

 Credit notes issued (on standard-rated goods previously sold), R117,15.

 On 12 January 2019 U. Ulengo purchased goods from Sagacious (Pty) Ltd for R27 500,00 on credit. The amount was still outstanding on 25 February 2019.

Required: 

Calculate the total input and output VAT which Staples (Pty) Ltd can claim or account for on the abovementioned transactions for December/January 2020. In your answer, please indicate the VAT implication of each line item, even if the particular answer is R nil.