HMRC exempts charities from digital record-keeping plans

http://files.constantcontact.com/ca3da02a001/5ad3514a-afa6-4de2-b6be-0e2800e97e6e.jpgHM Revenue and Customs has granted an exemption for charities from a new government scheme that will force most businesses to introduce digital record-keeping and produce quarterly updates. HMRC has published its response to a consultation it ran on its Making Tax Digital programme. Its response says that charities will be granted an exemption, though their trading subsidiaries will be expected to comply with the proposed scheme.

Charity, News