Any commentary at this stage is speculative and we’d rather wait until the finer details have been resolved.
As we’ve stated before we are committed to supporting MTD filings within QuickFile, these are likely to take a form that resemble a VAT return, i.e.quarterly submissions that include a number of headline figures, covering income, expenditure and taxable profit. At the end of the year HMRC will expect you to file a declaration along with any adjustments to the previously supplied summary data.
We’ve also posted a number of MTD key points on our blog.
We do not plan to introduce any additional charges for MTD filing at this stage, although as you can appreciate it’s difficult to make any guarantees until we know the precise reporting requirements. We will most likely not provide any MTD filing options on free accounts.
EDIT 27th April 2017:
Following yesterdays announcement: