WCC - any idea what's happening this year?

[Lynda]

Thanks for this... I agree, it is a rather strange date????

[Christel]

Hello, it is a strange date, but remember the financial year of SARS & DoL is from 1 April - 31 March yearly, therefore this date. You would thus calculate it as per their dates, i.e. 11 months + 1 month.

[Dave A]

You would thus calculate it as per their dates, i.e. 11 months + 1 month.

Here's a thought, and it relates to the way the WCC maximum threshold is applied.

There is no doubt the annual return we submit is for the period 1st March to 28 February (or 29 February in a leap year).
The way it works practically is the earnings of an employee are included in the calculation of WCC contributions until those earnings (for the year to date) hit the earnings ceiling.
Once over the ceiling any further earnings are ignored.
Given that the end of the period of assessment for 2014 is significantly after 1st April 2014, this change being effective as of 1st April 2014 is not going to affect anyone in continuous employment.

In fact the only scenario where I foresee a "problem" is if an employee only works for the employer in March 2014 and earns more in that single month than the current annual earnings ceiling.