Tax Administration Series 2022: Dealing with Tax Returns and Voluntary Disclosure


Date: Apr 7, 2022 - Apr 7, 2022

CPD hours: 2 Hours

Time: 15:00 - 17:00

Event Type: Webinar

Presenter: Nico Theron

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.

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.

Dealing with Tax Returns and Voluntary Disclosure (Part 1)

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.

This Tax Administration Series consists of four parts (each webinar can be attended independently):

Part 2: Effectively Apply for Remission/Reduction of Tax Penalties and Interest
12 May 2022 | Click here to read more.

Part 3: Drafting SARS Objections and Appeals
7 June 2022 | Click here to read more.

Part 4: Negotiating Tax Debt and Payment Arrangements with SARS
7 July 2022 | Click here to read more.

Click here to view the full series.


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.


Event Investment

CPD subscribers: Free for all 2022 CPD subscribers.

Regular price: R495.00

SAIT member: R395.00

Group price (five attendees maximum): R950.00


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.

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