If you are a new user and you need to do provisional tax for the first time you should have rules for the take on procedures. Our support department will help you through this. The planning of the take-on is imperative. It is imperative that you plan your take-on very carefully. I.e. when doing the take-on of the tax database for the first time, you must bear in mind the point in time in relation to when provisional tax is to be done. E.g. is it between P1 and P2– you need to tell the system what the P1 payment is or if the take-on is between the P2 and P3 payment, you need to tell the system what P1 and P2 payments are. If you have connected your system to SARS e-filing the system will download the P1 payments when the data for the P2 payment is retrieved. The PAYE and foreign tax credits will also come done based on the latest assessment. The amounts should be checked with the taxpayers to obtain the correct payment calculation.
Owing to the fact that Sky Tax is connected to SARS e-Filing one can process the whole provisional tax process without entering a single assessment or details of the payment as these items can be downloaded from SARS. In this case it would be important to have the client master file perfect in terms of data.
By entering your take on data there is a basis of comparison. SARS's data can be compared with your own. This comparison is an important check and risk control procedure.
A further major aspect that needs to be taken into account is if an individual taxpayer is a provisional taxpayer according to SARS as this will affect the extension date for submitting the ITR12 tax return.
