Return of Earnings Submissions 2018
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Submission of the 2017/2018 Return of Earnings to the WCA

Return of Earnings Submissions 2018

Return of Earnings – 2017/2018

Employers are required to submit a Return of Earnings form (W.As.8) on an annual basis. The Department of Labour has announced that the 2017/2018 submissions will open on 1 April 2018 until 31 May 2018. Any submissions done after this date will attract a 10% penalty and will have interest added to the account.

What is a Return of Earnings (“ROE”)?

We are all familiar with the annual cycle of business income tax returns. Well, in the same way, all employers must submit annual returns to the Compensation Fund. This annual return is referred to as the Return of Earnings.

On the form, Employers are obligated to declare actual salaries and wages for the year ended 28 February, as well as the estimated earnings for the following year ending on the last day of February.

For the 2017/2018 ROE we will require the following information to prepare the return:

Actual salaries and wages paid for the period 1 March 2017 to 28 February 2018. (annual value per employee)

Estimated salaries and wages for the period 1 March 2018 to 28 February 2019. (annual value per employee)

From the returns submitted, together with the nature of your business, the Compensation Commissioner determines your annual “premiums”. In other words, you are “assessed” – and you become liable to pay the assessed amount by the end of the following month.

What is the payment for?

The annual payment made by employers to the Compensation Fund, provides cover for their employees who could get injured at work.

Employers are obligated by the Compensation for Occupational Injuries and Diseases Act, 1993 to take out this insurance.

By being registered, employers are protected against civil claims if employees get injured on duty or contract occupational diseases. These employees can then claim compensation for temporary or permanent disablement from the Fund.

Who is an Employer?

An employer is any person, who employs one or more workers in connection with their business or farming activities.

Who is an employee?

An employee is a person who has entered into, or works under contract of service or of apprenticeship or learnership with an employer, whether the contract is expressed or implied, oral or in writing, and whether remuneration is calculated by time or work done, or is in cash or in kind; and includes:

  • A casual/temporary employee, employed for the purpose of the employer’s business
  • A working director of a company or a member of a body corporate, who has entered into a contract of service or of apprenticeship or learnership with the body corporate, in so far that the employee acts within the scope of his/her employment in terms of such contract

A person provided by a labour broker, against payment to a client for the rendering of a service, or the performance of work, and for which service or work such person is paid by the labour broker, is an employee of the labour broker. The earnings of such persons should not be included in the client’s Return of Earnings document.

Return of Earnings Deadline South Africa

Who must register with the fund?

All employers who employed one or more part-time or fulltime employees in connection with their business or farming activities must register within seven days with the Compensation Fund. The application however, once submitted can take several months to be completed by the Fund.

A separate registration is necessary for each separate branch of a business, unless an arrangement for combined registration has been made with the Fund.

MoneyPenny are registered and experienced in submissions of Return on Earnings and will gladly assist you and your business in doing so.

Our Charges (ex VAT):

Registration with the Fund: minimum of R800 or time spent

Annual Return submission: minimum of R500 or time spent

To request assistance in this matter, please complete the form below and our team will be in touch.