Study notes: Honours:

Administration Act

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Know how to use tax Acts

The tax Acts will usually be allowable during assessments. Know how to use them. Do not refer to them during an assessment for every answer you are drafting. Decide beforehand which facts you will memorise and for which facts you will refer to the tax Act. Using a tax Act too often during an assessment wastes time.

Provisions

The Tax Administration Act commencement date is 1 October 2012; there are certain provisions, for example Chapter 12 – Interest, that are not effective yet. You must then refer back to the specific tax Act to deal with provisions like these.

Advanced Tax Rulings

It is important to remember that you should apply for an Advanced Tax Ruling before receiving your assessment. An easy way to remember this is that Advanced Tax Rulings is the chapter before Assessments in the Tax Administration Act.