By Noelle McElhatton
A now-postponed plan by HMRC to require businesses and the self-employed to file tax returns quarterly rather than yearly “would create havoc” if it was imposed as scheduled in 2018, dealers have told ATG.
The government’s decision to delay the scheme, announced last week after vigorous lobbying by BADA and other small business trade bodies, was welcomed by dealers and sole traders. Quarterly reporting was axed from the Finance Bill, the final bill to be passed before the General Election in June.