Resources On-Demand

Master Tax Return Corrections & Voluntary Disclosure

Overview

Tax professionals often assist clients in rectifying errors on tax returns. However, when corrections are no longer available or sufficient, a Voluntary Disclosure Programme (VDP) application may be the only viable option. Are you familiar with the full set of requirements for a valid VDP application? Do you know how to leverage relevant case law in support of your submission?

Making the correct decision at the right time and navigating the process efficiently can be complex. In this video, Adv. Christel van Wyk unpacks the steps and best practices for handling SARS corrections and VDP applications. Attendees gain insights into recent case law, practical examples, and guidance that help achieve favourable outcomes with SARS.

Video Content

• Part 1: SARS Correction

  • Understand SARS’ process and the legal foundation for corrections

• Part 2: Voluntary Disclosure Programme (VDP)

  • Overview

  • Who qualifies and applies

  • Impact of a notification of audit

  • Requirements under Section 227

  • VDP relief and benefits

• Part 3: Case Studies

  • Practical illustrations and lessons from real-life VDP scenarios

Competencies Developed

By watching this video, participants:

• Gain a clear understanding of SARS’ processes for dealing with return corrections
• Understand the legal and procedural requirements of a VDP application
• Apply practical guidance when preparing and submitting VDPs
• Make informed decisions when evaluating VDP versus correction
• Gain insight into the latest relevant case law and its impact on disclosure decisions

Tax Administration

Effective resolution of SARS’ verification and requests for relevant material process

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2 Hours

R195.00

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Getting on top of the penalty dispute resolution process

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2 Hours

R195.00

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Tax Administration

Negotiating Tax Debt and Payment Arrangements with SARS

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2 Hours

R195.00

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