#WATCH I Tax return corrections can either be required in favour of the taxpayer or in favour of SARS. When in favour of a taxpayer, the taxpayer is seeking a reduced assessment. When in favour of SARS, SARS should issue an additional assessment. In part 1 of the Tax Administration Series, Nico Theron will discuss an overview of the remedies available to try and secure a reduced assessment.

Tax Administration Series 

Overview

In this four-part series, Nico Theron will cover some of the most common areas of practice regulated by the Tax Administration Act (TAA).

In particular, the series will cover:

• How to make corrections to returns (both in favour of SARS and taxpayers).
• The imposition and remittance of penalties.
• How to draft an objection.
• How to apply for payment arrangements and debt compromises.

Part 1: Dealing with Tax Returns and Voluntary Disclosure

7 April 2022

Tax return corrections can either be required in favour of the taxpayer or in favour of SARS. When in favour of a taxpayer, the taxpayer is seeking a reduced assessment. When in favour of SARS, SARS should be issuing an additional assessment. In this webinar, Nico Theron will discuss:

• An overview of the remedies available to try and secure a reduced assessment.
• An overview of the voluntary disclosure programme when an assessment is understated to mitigate penalty exposure associated with additional assessments.

Competencies developed in this CPD:

After part one in this webinar series, you will be:

• Able to make corrections on tax returns (both in favour of the taxpayer and of SARS).
• Competent to advise clients on the remedies available to secure a possible reduced assessment.
• Updated on the voluntary disclosure programme – able to mitigate penalty exposure when an assessment is understated.

Click here to register for this session.

Part 2: Effectively Apply for Remission/Reduction of Tax Penalties and Interest

12 May 2022

A request for remission of penalties is not to be confused with an objection. In this session, Nico Theron will discuss:

• The types of penalties SARS may impose under the TAA.
• The procedure for remission and the circumstances under which SARS may grant remission.

Competencies developed in this CPD:

After this session, you will be:

• Informed about the TAA and that it makes provision for the imposition of different types of penalties.
• Competent to apply penalties, knowing under what circumstances which penalty may be imposed and how SARS must impose penalties.
• Knowledgeable about the circumstances under which SARS may remit the different types of penalties.
• Competent to apply the correct procedure to request remission of a penalty.

Click here to register for this session.

Part 3: Drafting SARS Objections and Appeals

7 June 2022

Drafting an objection is an art. Whilst the way in which an objection is drafted will be very much fact dependent, there are certain basic things that will always stay the same.

In this session, Nico Theron will provide some tips to consider when drafting an objection as well as explain what the minimum requirements are when drafting an objection.

Competencies developed in this CPD:

After this session, you will be:

• Informed that an objection must contain certain minimum prescribed information and detail.
• Competent on how to draft a good objection.

Click here to register for this session.

Part 4: Negotiating Tax Debt and Payment Arrangements with SARS

7 July 2022

Outstanding tax debts can have serious consequences for taxpayers if not settled timeously and in full. Full and immediate settlement of a tax debt is not always possible though. To this end, the TAA makes provision for taxpayers to enter into payment arrangements and to apply for a debt compromise. In this session, Nico Theron will discuss:

• The circumstances under which SARS may grant payment arrangements or enter into a compromise.
• How to apply for a payment arrangement or compromise.

Competencies developed in this CPD:

After this session, you will be:

• Informed about when SARS may enter into a payment arrangement.
• Competent to apply for a payment arrangement/compromise.
• Informed about when SARS may compromise a tax debt.

Click here to register for this session.

Presenter

Nico Theron

MTP(SA), BCom Law (cum laude), BCom Honours Taxation, MCom Taxation (SA and International Tax)

Nico is the founder of Unicus Tax Specialists SA, a niche tax advisory services firm that specialises in corporate tax and VAT, more specifically in the context of advance tax rulings, tax dispute resolution and voluntary disclosure program applications.

CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points per session.

Event Investment

CPD subscribers: Free for all 2022 CPD subscribers.

25% discount on purchase of full series.

Regular price: R1 485.00

SAIT member: R1 185.00

Group price (five attendees maximum): R2 850.00

Payments and cancellations

• All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
• Kindly note that should payment not been received 2 days after the event, legal action will be taken
• Proof of payment will be requested at registration if payment at that point in time has not been reflected on the Tax Faculty's bank account.
• Only written notice of cancellation will be recognised.
• Cancellation conditions:
  • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.
• Delegates who book and fail to attend will be liable for the full event fee.
• The Tax Faculty's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
• Please click here for the full terms and conditions.