VAT submissions due 31 March 2020

[Beancounter]

Does anybody know whether a reprieve on VAT payments and perhaps extension was granted for VAT submissions due this coming Tuesday?

[Dave A]

I've only heard of measures relating to PAYE / payroll taxes.

[Beancounter]

Same here. I don't think vendors will be able to file on time. Plus accountants are inundated with SMME and UIF claims...

[Andromeda]

Knowing Kieswetter and his mates, it will make zero difference beancounter.

Secondly, they have again recalculated PAYE and I have tens of little differences relating to 2016. That makes us non-compliant and we will be fined for taking advantage of the 20% that Dave refers to.

[Beancounter]

Knowing Kieswetter and his mates, it will make zero difference beancounter.

Secondly, they have again recalculated PAYE and I have tens of little differences relating to 2016. That makes us non-compliant and we will be fined for taking advantage of the 20% that Dave refers to.

I'm not expecting any fireworks. We know how maliciously SARS can assess and they will make sure to benefit from South African's disaster in the making

[EAB]

There are no changes to timelines for submissions.

Currently you can only shortpay on 20% of the PAYE for four months, BUT this will still have to be paid. So you will in effect sit with about a double PAYE bill after 4 months. If your cashflow allows you to pay the full amount, rather pay it. Will save you on time with extra calculations and recons, and most possible questions/errors from SARS.

There were proposals on relief for UIF and SDL, but nothing official at the moment

[Beancounter]

There are no changes to timelines for submissions.

Currently you can only shortpay on 20% of the PAYE for four months, BUT this will still have to be paid. So you will in effect sit with about a double PAYE bill after 4 months. If your cashflow allows you to pay the full amount, rather pay it. Will save you on time with extra calculations and recons, and most possible questions/errors from SARS.

There were proposals on relief for UIF and SDL, but nothing official at the moment

I'm so with you on this one. I'll soldier on with the VAT returns. But come EMP201 returns, me thinks those teturns are just gonna have to be paid up next week. No use postponing payment. Nobody knows the future, and it's better to just settle the liability now.

On that point, it seems Government is not going to be too committed to helping the people or businesses. They may give extensions and reprieve for smaller amounts such as PAYE/SDL/UIF. But no relaxation on the nice bank breakers such as VAT. Plus, I haven't heard a squeak from DSBD about any of the 40+ applications for SMME financial assistance I lodged... Small businesses are going to have to fend for themselves it seems.

[PlatinumWealth.co.za]

When is e-filing again?
For personal income tax returns

Sent from my SM-N970F using Tapatalk

[EAB]

The tax season normally only starts in July.

The filing season for employers to file their IRP5 Recons only opened yesterday, without that you won't be able to file your personal return

[Andromeda]

That's odd, from sars.gov.za



Important Dates

07-04-2020 - PAYE submissions and payments
15-04-2020 - Start of Employer Annual Reconciliation
24-04-2020 - VAT manual submissions and payments
29-04-2020 - Excise Duty payments
30-04-2020 - VAT electronic submissions and payments
30-04-2020 - CIT Provisional Tax Payments
07-05-2020 - PAYE submissions and payments
25-05-2020 - VAT manual submissions and payments