Digital Record-Keeping Requirements for Self-Employment and Property Income

HMRC has published guidance on creating and maintaining digital records for self-employed individuals and property owners under the Making Tax Digital for Income Tax scheme. The guidance outlines how to establish and retain digital documentation of income and expenses to meet tax compliance obligations. These digital records must be kept in formats that comply with HMRC’s requirements for the automatic submission of tax returns.

Source: HMRC (GOV.UK) – Read the original