I have mistakenly used the wrong maximum UIF ceiling for all my EMP201 returns since July 2006.
I was using the value of R10,966 instead of R11,662.
I only realised this when finding out about the new increase that is effective 1 October which raises the level to R12,478.
My first question: what should I do about the fifteen incorrect EMP201 returns that I have submitted to SARS?
Would I have to go into SARS and redeclare them all with the correct values, or can I just work out the difference and add this to my next EMP201 return?
My second question: as this is my mistake can I deduct the employee's portion of the outstanding amount from their next salary (with their permission, of course), or should the company pay the full amount?
Thanks for any info, so glad to have found these forums!