Businesses should not have to administer pension reforms
Posted: 7/9/10
Firms should not be expected to assume the role of administrator for the pension reforms that are set to be introduced in 2012, a leading business group has argued.
New research carried out by the British Chambers of Commerce (BCC) has found that many businesses are concerned at the impact that managing the new auto-enrolment system will have on their time and resources.
Under the proposed scheme, which is due to
HM Revenue and Customs' concession that upwards of six million people have either underpaid or overpaid their tax during the past two years is a sign that the current tax regime is overly complicated, it has been claimed.
According to Chas Roy-Chowdhury, who is head of taxation at the Association of Chartered Certified Accountants (ACCA), said: "HMRC's recent announcement is worrying for many ordinary taxpayers. While it is important we
Companies House has said that as many as 10 per cent of all company accounts filed have been rejected because they were incorrectly formatted.
The accounting records of all UK companies must be submitted to Companies House.
Now the authority has urged companies to take extra care when filing.
According to Companies House, upwards of 91,000 accounts were refused between January and June of this year. Of which number over 30,000 were