Hi,

Could someone please tell me how SARS calculates the number of days that a payment for a EMP201 is late?

Say I complete a EMP201 for the January 2012 period on 7 May 2012 - is this 8.5% interest for 3 months ie. 8.5% x 90/366 as it was due 7 February 2012 or 8.5% x 97/366 as it was for January 2012 taxes (so you don't get the 7 days leniency when paying late)?

Please help :-)