The IT14SD is a reconciliation SARS requests when the figures declared across a company's different tax types - income tax (ITR14), VAT, PAYE and customs - don't align as expected. It requires the company to explain the differences with supporting schedules.
What it means
SARS runs these figures against each other because turnover reported for VAT should broadly relate to revenue on the ITR14, and payroll costs on the ITR14 should broadly relate to PAYE declared. Mismatches trigger a request for an IT14SD.
Where it fits in
It sits downstream of the ITR14, VAT201 and EMP201 submissions, all of which must already be filed before SARS can cross-check them. Payroll accuracy on the EMP201 side directly affects whether an IT14SD reconciliation is straightforward or not.
Key rules
- Requested by SARS, not filed proactively by the company.
- Reconciles income tax, VAT, PAYE and customs declarations against each other.
- Triggered by discrepancies between the different tax types.
- Requires supporting schedules explaining any differences.
