Late submission of Compensation Fund Annual Return of Earnings – Employers beware

Late submission of Compensation Fund Annual Return of Earnings – Employers beware

Business, Legislation

On 2 December 2021 the Commissioner of the Compensation Fund reminded employers that the Fund is entitled to estimate the earnings where an employer has not made a submission on time; and issue an assessment accordingly.

We urge employers not to miss the deadline. The Compensation Fund is notoriously difficult to deal with and we think trying to revise an estimated assessment will be immensely time consuming, expensive and frustrating.