Small business owners should plan for a new digital tax regime

Soon most businesses will have to file tax returns online. Be prepared, says David Prosser.

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Tax: there's probably an app for that
(Image credit: This content is subject to copyright.)

Is your business ready for the "Making Tax Digital" reforms that come into effect next year? In recent weeks, ministers have let it be known that they're likely to delay plans to move individual taxpayers to a fully digital tax system by 2020, but the government insists it will press ahead with the switch over for most businesses.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.