Bray Accountants No Comments

The Government seem intent on forcing the Self Employed to eventually file quarterly records but thankfully the timetable of this reform has been delayed and Businesses will not now be mandated to use the Making Tax Digital for Business system until April 2019 and then only to meet their VAT obligations. This will apply to businesses who have a turnover above the VAT threshold – the smallest businesses will not be required to use the system yet, although they can choose to do so voluntarily. We will be liaising with you in due course to discuss how to deal with these extra filing and bookkeeping requirements.

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