Small firms are begging Chancellor Philip Hammond for a reprieve over being forced to digitise their tax records

0
66
Small firms are begging Chancellor Philip Hammond for a reprieve over being forced to digitise their tax records



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.
SEASIDE KNIFE ATTACK Man in his 20s stabbed in chest, arms and HEAD in Bognor Regis BEST MAN KILLED British tourist battered to death in Benidorm pictured as police hunt 2 men SELFIE INFLICTED Woman mauled by jaguar while trying to take a SELFIE with it at a zoo LatestBRIT VICTIMS Seven British passengers among 157 people killed in Ethiopian Airlines crash DOOMED FLYERS Brit UN campaigner and polar expert among 157 dead in Ethiopia plane crash NICE EARNER Tommy Robinson is UK’s best-funded politician with £1m house and hot tub
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.
Philip Hammond says No Deal Brexit could cost harm economy by billions

LEAVE A REPLY

Please enter your comment!
Please enter your name here