Hi Guys
I have a client whose VAT returns have been outstanding for about 4 years. I have submitted these and I have included the 10% penalty in all my submissions as well as the applicable interest (per interest rate tables). My understating is that this is a case of “Voluntary disclosure before notification of audit” by SARS. Does this mean “0% penalty”?
Should I write to the Penalties committee at SARS to see if the penalty portion on these VAT returns can be written off?
Thank you for assisting me in this regard.
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