A taxpayer needs to correct his IRP5. The taxpayer provided the payroll department of his company with a wrong tax number. Apparently SARS made a mistake and provided the taxpayer with the wrong tax number, therefore the IRP5 was submitted with the wrong
Author: The Payroll Authors Group of South Africa
Important:
This answer is based on tax law year ending 28 February 2020.
Answer:
In order to correct the situation, the employer needs to cancel the relevant IRP5 with the incorrect information thereon. A new IRP5 with a new number should then be issued with the correct details thereon. The cancellation will result in the IRP5 to be removed from the other person’s records.