SMALL firms have begged Chancellor Philip Hammond for a reprieve over digitising their tax records.
The new Making Tax Digital rules from next month will force all firms with revenues over £85,000 to keep online records and submit tax returns four times a year.
Alamy Live News Small firms are begging Chancellor Philip Hammond for a reprieve over digitising their tax records
But half of business owners told the Federation of Small Businesses they will not be able to comply from April 1.
A fifth have received software quotes but not yet bought any.
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The move will cost small firms about £564.
Just three per cent said they took part in the pilot.
HMRC found one in five firms that will be affected by MTD had never heard of it.
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