SARS has made available an online tool, the PAYE Reconciliation Assistant, to assist employers to amend and correct (EMP501) declarations in order for the Monthly Employer Declaration (EMP201) and payments made to balance the IRP5 certificates filed.
To read more, see under the headingeFiling & e@syFile™ Employer Guidesthe Guide calledUsing the PAYE Reconciliation Assistant on e@syFile™ Employeron thePAYE page.
For a PAYE reconciliation process to be successful all three elements, the Employer Reconciliation Declaration (EMP501), the Monthly Employer Declaration (EMP201) and payments need to balance. Employers will be notified by SARS to revise their PAYE reconciliation if the reconciliation was unsuccessful. The information displayed on the PAYE Dashboard will indicate the reason for the resubmission. The reasons for this could be that employee tax certificates do not match your tax liability or your monthly declarations and payments do not match the amounts entered on the Employer Reconciliation Declaration (EMP501).
Once the employer has received notification from SARS, they can access the PAYE Reconciliation Assistant functionality by logging on to eFiling.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.