What is IRP5 submission and reconciliation?

It involves an employer submitting an accurate Employer Reconciliation Declaration (EMP501), Employee Tax Certificates [IRP5/IT3(a)s] to be issued and if applicable, a Tax Certificate Cancellation Declaration (EMP601). The three elements that must reconcile in order for your submission to be successful are the: Monthly Employer Declarations (EMP201s) submitted [Pay-As-You-Earn (PAYE) and/or Skills Development Levy (SDL), Unemployment Insurance Fund (UIF) amounts due and Employment Tax Incentive (ETI), if applicable] Payments made (excluding penalty and interest payments) IRP5/IT3(a)s generated – PAYE, SDL and UIF values.

Who is it for? Employers need to submit their reconciliation by the date published in the Government Gazette. 

When and how should submissions be made?

Reconciliation declarations should be submitted twice during year of assessment, for the: Interim period – which is for the six month period 1 March to 31 August Annual period – which if for the full year 1 March to 28/29 February. The Business Requirement Specification (BRS) defines the data submission requirements for the tax certificates [IRP5/IT3(a)s],  and the reconciliation for PAYE, SDL, UIF and/or ETI, if applicable.

If you require assistance with the Sage Pastel Payroll Year-End submissions of IRP5’s and EMP 501 Reconciliation. CLICK HERE

Sage Payroll Calendar 2021 If you would like to download the latest Sage Payroll Calendar please click the button below. This calendar will advise you on all you need to submit and keep up to date as the year progresses. CLICK HERE