According to City Press, the Daily Show host’s mother Patricia Noah is allegedly R24 million in the red and Sars has reportedly issued a final letter of demand to the businesswoman in an attempt to recover the outstanding funds.
Patricia who runs the property business PN Noah Estates is in danger of having some of her assets attached and sold by Sars to offset the debt if she is unable to honour the payment within the period stipulated by Sars.
The letter in part reads: “According to the records of the South African Revenue Service, you have failed to pay your tax debt for one or more tax years and tax periods.”
“You may, within 10 business days from the date of this letter of demand, apply for any of the following remedies: payment instalments where you are unable to pay the full amount; suspension of the debt where you intend to submit or have submitted a formal dispute; compromise of a portion of the tax where this will provide a higher return to the fiscus than liquidation, sequestration or other collection measures,” City Press said.
Failing to honour tax commitments can lead to entrepreneurs finding themselves in the precarious position Patricia Noah finds herself in.
Quentin Daniel, head of finance at short-term business funding provider Lulalend, provides some tips on how SMEs can ensure they meet their tax obligations.
“According to the records of the South African Revenue Service, you have failed to pay your tax debt for one or more tax years and tax periods,” the letter reads.
“You are requested to make full payment within days from the date of this letter of demand.“You may, within 10 business days from the date of this letter of demand, apply for any of the following remedies: payment instalments where you are unable to pay the full amount; suspension of the debt where you intend to submit or have submitted a formal dispute; compromise of a portion of the tax where this will provide a higher return to the fiscus than liquidation, sequestration or other collection measures.”
The letter further states that Sars may “appoint any third party who presently or in the future will owe you money or hold money for you to settle your tax debt with this money”.
Patricia – who is in the property business under the company name PN Noah Estates – was reportedly issued with a final letter of demand by Sars, which is threatening to obtain an execution order to sell her assets if she fails to honour the payment.
Meanwhile, in September, Trevor announced his exit from The Daily show on Comedy Central after a seven-year run.
According to Comedy Central, the Emmy-winning television host’s last appearance on the show will be on 8 December and the show will subsequently go on hiatus until 17 January.
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