Benefits of using EDI

Using the new CIS will provide numerous benefits in a number of key areas:

EDI improves the quality of service as it enables information to go from one computer application to another without the need for manual intervention. This reduces the likelihood of errors that can occur as a result of re-keying data from paper forms.

Using EDI the process of transferring messages from your organisation to the CIS takes minutes, not days. Unlike paper submissions, messages that are exchanged via EDI are not dependent on other handling parties that can slow the message exchange. As EDI messages are forwarded automatically to the intended recipient, the risk of unforeseen delays normally associated with paper submissions is dramatically reduced.

Savings can be found in areas such as printing, paper storage and manpower (postroom, administration and data entry).

EDI submissions allow you to send data to HMRC when it suits you as there are no restrictions on the time of day when data can be sent (a deadline for monthly submission still applies).