I have around 70 active clients and the majority of them are small business owners who keep paper records.
Obviously MTD is being introduced to ensure records are held digitally but is there any reason why they can't give me their records quarterly for me to enter on my software? I can't see why not and can imagine there are a lot of accountants thinking the same thing!
Has it been confirmed that there will be a quarterly liability for them to pay too?
What do you guys think about all the late coming clients missing the deadline and accountants putting through estimated income and expenditure in the way a provisional tax return is submitted to avoid the late filing penalty, could there be a provisional option too?
Sorry, a lot of questions there and I appreciate there may not be a set answer for all.