Make sure your de­tails for SARS are up to date

Weekend Argus (Saturday Edition) - - GOODFARE - STAFF REPORTER

It is im­por­tant you make sure that the per­sonal de­tails you have filed with the tax­man are up to date and are cor­rect. If you do not, there could be se­vere con­se­quences for you.

Per­sonal Fi­nance re­cently dealt with a case where a tax­payer had changed from a Stan­dard Bank ac­count some years ago but did not pro­vide the South African Rev­enue Ser­vice (SARS) with the new ac­count de­tails.

Stan­dard Bank re-is­sued the ac­count num­ber to a new client, and SARS paid a R50 000 re­fund into the ac­count num­ber it had on hand.

Mark Kin­gon, SARS’S group ex­ec­u­tive in charge of busi­ness sys­tems, says SARS can­not be held re­spon­si­ble for these pay­ments.

The sit­u­a­tion is worse for the er­rant tax­payer, be­cause SARS can­not di­vulge to the tax­payer the de­tails of the per­son who in­cor­rectly re­ceived the re­bate.

How­ever, Kin­gon says SARS does fol­low up and tries to re­cover the money and, to the ex­tent it does so, it will pay the tax­payer the due re­fund.

He says be­cause the amount owed is not in terms of the In­come Tax Act, the re­cov­ery steps in the Act can’t be used to get the money back.

SARS does some­times strug­gle to trace the peo­ple to whom the money has in­cor­rectly been paid.

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