…except for businesses above the VAT threshold who will be required to keep digital records for VAT purposes only from 2019.
However, as VAT already requires quarterly returns, no business will need to provide information to HMRC more regularly than they do now.
Businesses will not be asked to keep digital records, or to update HMRC quarterly, for other taxes until at least 2020, per a Treasury document.
Watch this space for further updates as they become available.
For more information, please contact Lesley Sutton on 01484 550037 or email email@example.com.