We continue our series of articles aimed to help practitioners make a smooth and successful transition from paper tax returns to Filing By Internet.
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Repayments ' for many firms the speed of tax repayments is the single biggest incentive for using FBI. In many cases, repayments are processed within days of the return being submitted electronically.
Reducing Revenue errors ' another advantage of using FBI is that it prevents Revenue staff making data input errors. Errors in processing paper returns arise on a significant proportion of cases and adds an unnecessary ' and often unbillable ' burden on firms at the height of the SA filing season.
More time - The 30 September deadline has no significance for taxpayers using FBI as tax liabilities are calcul...