The following relates to a manufacturing company that operates in the Western Cape. - It is a registered vendor for Value-Added Tax (VAT) purposes - It imports specialised raw materials from Austria on a regular basis to be used in the manufacturing process. - It also sources various raw materials locally. - SARS has approved an apportionment ratio of 90% for input tax where input tax relates to both taxable and exempt supplies. The following financial information relates to the one-month tax period ending 31 October 2021. All amounts exclude VAT unless specifically stated otherwise.

1. Sales (total tax invoices) R9 150 500 - The total tax invoices issued for October 2021 amounted to R9 150 500. Only R6 215 600 of this amount was received in October 2021. - A tax credit note for an amount of R27 600 (including VAT) was issued on 23 October 2021 to a client who returned damaged products sold to the client on 11 October 2021.

2. Fees received from in-house day care facility operated by the company for the benefit of the employees R187 500 - Employees are charged a small fee for their children to attend the in-house day care facility (nursery school).

3. Raw materials imported from Austria R? The customs duty value of the raw materials was R2 375 400 and the import surcharges were R74 900.

4. Raw materials sourced locally R4 500 720 All raw materials (purchased locally and internationally) are used solely for the making of taxable supplies.

5. Insurance paid R8 299 - For day care facility (nursery school).

6. Purchase of second-hand industrial production equipment R400 200 - Purchased from a local non-vendor on 22 October 2021 for a total amount of R750 000. - An amount of R400 200 was paid on 31 October 2021 and the remaining balance on 25 November 2021.

7. Bank Charges R12 500 These only relate to the manufacturing operations of the enterprise. 8. Electricity R140 070 The electricity paid was for both the day care facility and the manufacturing plant and includes VAT.

REQUIRED: MARKS Calculate the VAT payable by/refundable to company that should be declared on the VAT201 return for the one-month tax period ending on 31 October 2021. Clearly show Output and Input VAT. Should no VAT be applicable, provide a reason.