As soon as the new service has been tested with the first group of businesses and agents, other customers will be able to join the pilot. These customers will be able to report their income and expenses for the quarter they join as well as any previous quarters.
Customers who aren’t invited to take part in the pilot at the beginning won’t be able to start sending quarterly reports to HMRC immediately, but they can:
start to use accounting software to keep their records if they don’t already check with their software supplier, or agent, that any software they use is compatible with quarterly reporting.
HMRC will publish a list of software suppliers who’ve developed compatible software and registered with them later in the year. Some of this software is free.
In a recent agents blog HMRC explains how it’s working with tax agents to bring about this major change.
Further guidance Find out more about making tax digital for business
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The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
Page 85 of 145
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