Quarterly 'summary' accounts for small businesses that will almost certainly require software and incur penalties if made late or with mistakes. Asking your av

Quarterly 'summary' accounts for small businesses that will almost certainly require software and incur penalties if made late or with mistakes. Asking your average market stall trader or a small retail shop to now require that they keep their management accounts up-to-date quarterly (when at the moment it needs to be done annually and the average accountant charges several hundred ££) is why its contentious. Edit: here is a short summary from CIoT: https://www.tax.org.uk/policy-technical/technical-news/making-tax-digital-vat-main-issues-consideration https://www.tax.org.uk/policy-technical/technical-news/makin...