Incorporated businesses and landlords will no longer have to keep digital records and file quarterly for income tax purposes from April 2018 as originally planned.
Instead and commencing April 2019, businesses with an annual turnover above the VAT threshold will be required to keep digital records and submit quarterly online returns for VAT purposes only.
Businesses will not need to use the Making Tax Digital system for income tax and corporation tax purposes until 2020 at the earliest.
Businesses with turnover below the VAT registration threshold will be able to use the Making Tax Digital system on a voluntary basis.