Eight in ten pension scheme administrators say they're ill-prepared for mandatory e-filing in 12 weeks, a survey suggests.
According to the study commissioned by software firm Altus, around half of users have already experienced a 'total failure' when submitting returns. In addition, a total of 40% have lost data manually entered before final confirmation and more than 80% say Her Majesty’s Revenue & Customs (HMRC) website is unavailable or slow to respond. From October 16 it will become compulsory for scheme administrators to file all quarterly accounting for tax returns, annual event report returns and annual pension scheme returns electronically to HMRC. More than a quarter spend between one and two hour...
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