Time certainly flies! With the 28th of February 2022 only 20 days away, it’s time to get all payroll affairs in order as this marks the end of the 2021/2022 tax year.
Payroll systems need to be geared for the new tax year and if you run a weekly payroll this doesn’t leave a lot of time.
In 2021, Employer Filing Season opened on 1 April 2021 and closed on 31 May 2021.
SARS was strict on not granting extensions and has indicated that they will levy a penalty of 1% of the annual PAYE total for any late submissions, a rather expensive repercussion for non-compliance.
