Insider July 2016 - Businesses will require software for digital tax accounts

In a letter to financial secretary to the Treasury David Gauke, Andrew Tyrie, chairman of the Treasury Select Committee, said that submitting records in a “prescribed digital format” would bring a financial burden to small firms that currently don’t have accounting software or use computers.

In his reply David Gauke said:

“HMRC will ensure that compatible software products are available to suit the budgets and needs of all businesses, including some free products for those small businesses with the simplest affairs.”

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