HMRC have issued some further details on their making tax digital strategy.  Partnerships, sole traders, self-employed and landlords with turnover over £10,000 will have to report quarterly.  The time-scale is yet to be announced but some staging will take place starting with those with the higher turnover.  Software will be needed but likely that some free software will be available for those with simple affairs.  There is likely to be an increase in the turnover levels where cash basis accounts are acceptable (currently £83,000).  Tax payers will be able to make voluntary in year tax payments.

David Wilsdon 24.8.16