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1 July 2016
Businesses will require software for digital tax accounts.
Businesses will need to submit their tax and financial information quarterly using software that's compatible with HMRC's systems.
In a letter to financial secretary to the Treasury David Gauke, Andrew Tyrie, chairman of the Treasury Select Committee, said that submitting records in a "prescribed digital format" would bring a financial burden to small firms that currently don't have accounting software or use computers.
In his reply David Gauke, said:
"HMRC will ensure that compatible software products are available to suit the budgets and needs of all businesses, including some free products for those small businesses with the simplest affairs."
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