Making Tax Digital

 

From April 2018, sole traders and most partnerships will have to update HMRC on a quarterly basis with their business performance. Businesses will have a month to comply with this update. Year end update compliance will still be required

 

From April 2019, VAT will be filed via accounting software as opposed to the government gateway. This will be of great concern to businesses that rely on manual spreadsheets for VAT and file directly through the government gateway.