In July, the government announced that unincorporated businesses will move from the current year basis to the tax year basis in order to smooth the path to Making Tax Digital for income tax.

In this article, I’ll provide a summary of the key aspects of the proposed rules based on the information available so far. Please note that the measure is yet to become law and so is subject to change; indeed, it is possible, although unlikely given the connection with Making Tax Digital for income tax, that the government could abandon its plans all together.