TERS – final opportunity to claim – Do not Miss out!

Aug 20, 2020 | FYI's, Taxation Blog

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We have seen many changes with the COVID-19 Temporary Employee Relief Scheme (TERS) applications and processes over the last 4 months, but we have still had success with most of our applications.

The final July/August 2020 claim period has now been opened  (this would cover the period from 1 July 2020 to 15 August 2020) – Although TERS is still processing April and May 2020 claims for those who have not yet applied, this is expected to close by 31 August 2020. We can assist you should you still require assistance with TERS applications and/or queries that may have arisen with your application.

As yet, we have not been advised of any further extensions due to the extended State of Disaster to 15th September 2020.

Note that most of the rejected TERS applications have arisen due to u-filing errors rather than the actual TERS applications. Did you know that you are required to register each employee separately on u-filing even if you (as the employer) have registered with SARS for Employees Tax, UIF and SDL levies? We can also assist you with this u-filing requirement which is critical for any TERS or UIF claims.

We are here to assist you with the administrative support for the submission of the TERS or U-filing claims so don’t miss out on this opportunity to take advantage of this crucial initiative that enables you to obtain some relief for your employees during this lockdown.

Please contact me to help you with this relief or u-filing applications as we are here to assist you to navigate this challenging period in your business.

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