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This edition will firstly consider, exactly what is the Wine Equalisation Tax (WET) and provide you with some fundamentals which will assist you in relating WET to your client’s business. It includes a brief overview the changes to the WET that came into operation from 1 October 2004, and what these changes mean to your client’s businesses and you as a bookkeeper. It will also look at some examples of how WET is dealt with and work through a case study.
