the main problem / concern with making tax digital is the very small clients below VAT regitsration limit turnover perosonally i think they should be except from MTD but its not going to happen
HMRC believe that this sector causes the majority of errors and tax receipts are lower than expected from this sector But what reasoning is there for quarterly reporting for this sector ? HMRC has stated that they will not use quarterly data to instigate enquiries on any business I fail to see what purpose or merit there is in quarterly reporting for such samll businesses
Surely the best would be either
No quarterly reporting for these businesses however they are still obligated to file digital reports for the entire financial year to HMRC within 10 months of year end
Revenue get what they want wheres the problem??