PracticeAccounting FirmsSA filing will increase costs, says institutes’ survey

SA filing will increase costs, says institutes' survey

Some 2,000 practitioners slam new SA filing deadlines

Practitioners have categorically slammed plans for new self assessment
deadlines, according to a survey of more than 2,000 respondents undertaken by
the accounting institutes.

The results of the survey, which will be passed onto the Treasury and HM
Revenue & Customs, backed up anecdotal evidence that the move was vastly
unpopular, according to ICAEW deputy chair Paul Aplin.

Examining the results, he said that the potential to increase costs for
practitioners was ‘higher than originally feared’.

‘Not only is there a cost for the practitioner in handling amendments to
paper returns, there is also extra cost for HM Revenue & Customs,’ said
Aplin.

Of the 2,000 respondents to the online survey, 92% said the shorter filing
window would generate more paper due to increased number of filed provisional
returns, 52% said this alone would lead to additional costs and, of these, 66%
would pass them on to clients.

Three quarters of tax advisers would expect their total costs to increase as
a result of the proposals.

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