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You only have 11 days to submit your return of earnings to COID

by , 19 May 2014
Every year you must submit your Return of Earnings to the Compensation for Occupational Injuries and Diseases fund (COID). And this year the deadline was extended to 31 May 2014. Here's a reminder of what you need to include in your submission...

Dear Reader

Every year you must submit your Return of Earnings to the Compensation for Occupational Injuries and Diseases fund (COID). If you don't, you could face up to 10% of the amount that COID assesses in fines. And this year the deadline was extended to 31 May 2014.

Here's a reminder of what you need to include in your submission…

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What to include when you submit your 2013 Return of Earnings to COID

It doesn't matter if you're completing a Return of Earnings submission online or in hard copy, you must include:
  1. Your updated contact details (physical and postal addresses, telephone numbers etc);
  2. The number of employees employed for the assessment period (1 March to 28 February);
  3. Earnings (salaries and wages) of every employee up to the maximum amount for the assessment period (1 March to end of February) – now R332 479; and
  4. The nature of your business.
Remember it's your responsibility to ensure all the information you give to the Compensation Fund is accurate and complete. Don't risk being liable for fines. Submit your 2013 Return of Earnings to COID before the 31 May 2014.

If you don't know where to start when it comes to COID, registering with COID or even claiming from COID, get your copy of the complete COID compliance guide today!

Until next time,

Louise Harty
Senior Product Manager: Health and Safety

P.S: If you have any questions about COID, ask them on the Health and Safety Club and get answers from your peers and our experts.

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