The romance of Valentines' Day soon gives way to the business of Budget, and although the saying, "The Lord giveth and Pravin taketh away" has become clichéd, it probably best sums up this year's Budget.
The Supreme Court of Appeal recently gave judgement in the matter of C:SARS v South African Custodial Services (Pty) Ltd (SACS). The matter related to the tax-deductibility of certain costs in respect of a prison constructed and operated as part of a public private partnership.
The Voluntary Disclosure Programme (VDP) formally closed on 31 October 2011. In terms of the process, applicants had to complete a VDP01 form either through e-Filing or by submitting the form to a SARS branch office.