I AM a practicing accountant and I am concerned that Quarterly Reporting under Making Tax Digital (MTD) will have a detrimental impact on all small businesses which do not have the financial resources to meet this requirement.

To reduce the disruption caused, I urge the Government to raise the turnover threshold for exemption from £10,000 to £85,000 (which is the VAT registration threshold).

This simple change would not only assist the smallest of established businesses, but also encourage new business start-ups by relieving them of the burden of having to prepare quarterly accounts from the date that they start trading.

I understand that secondary legislation on MTD is going before parliament later on this year and so this is an ideal opportunity to put forward the amendment.


Andrew Walker BSc FCCA

Chartered Certified Accountant

Arthur E Walker & Co