EMP 201 return
At the end of each month, it is necessary to pay to SARS the employees’ tax deducted, Unemployment Insurance Fund contributions due, and the Skills Development Levy due.
SARS issues a form EMP 201 which employers must complete and send to SARS with their monthly payment. nuQ duplicates that form exactly, as you can see from the example below, which shows how we strive to make our reports really different and easy to read, unlike what computer users are used to. All the user needs to do is to copy the figures from each box on the return into boxes with the same numbers on the official return.
You may notice that the SDL and UIF contributions are exactly equal to the earnings multiplied by the appropriate rate (1% and 2% respectively). This is unusual, as payrolls calculate the amounts due per employee. Rounding differences will occur on each employee’s calculation, to make the amount due for the employee an exact number of cents. How then do the totals on the return exactly equal the earnings multiplied by the appropriate rate, as the rounding differences per employee will almost certainly not be the same as the rounding difference when the amount due is calculated as a percentage of the total earnings?
This is because nuQ adjusts the reported earnings of each employee to exactly equal the amounts due divided by the appropriate percentages. In other words, the rounding differences are transferred to the earnings, instead of the amounts due. This is done to avoid silly queries from SARS that might arise (and have arisen in the past) because multiplying the total reported earnings by the percentages of those earnings which are payable might not give the exact amount reported as payable. This is a small example of the thought that we put into our reports to help our users.
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