SA Tax Standards
Please could you confirm the following with regard to the standards -
The date issued on the publication's is May 2011 however the requirement to join regulatory bodies by SARS was 1/7/2013 therefore the true regulation of practitioners and the therefore the standards should have come into effect from this date only.
Prior to this practitioners were issued numbers by SARS but not necessarily regulated.
(unless this refers to the act itself 2011 please advise - based on the continuing question below)
the requirements in the standards to verify documents by practitioners almost like auditors would, or to obtain letters of engagement was not necessarily done prior to 2013/7/1 and this would be cause for concern if the act/standards were enforced at a backdated period. Would it be advised to recheck all returns incase there was an error? at what cost to the practitioners?
at least if the effective date remains 2013/7/1 an awareness is there as to the requirements and standards to be met
while it is of absolute importance to adhere to the newly enforced regulations by practitioners is there any confirmation from SARS and the regulatory bodies that the changes will be effective only from 1/7/2013 and that there will be no recourse dating back prior to this period?