Board members may have read that those who are self-employed will have to obtain and use HMRC approved software for their businesses.
There is an interesting note, which I reproduce below, as this indicates that self-employed organists will not need to use such software unless their income from the self-employed source exceeds £10,000 pa,.
I have given the quote from the HMRC Website below and have put the relevant words in bold italic.
Businesses, self-employed people and landlords will be required to start using the new digital service from:
- April 2018 if they have profits chargeable to Income Tax and pay Class 4 National Insurance contributions (NICs)
- April 2019 if they are registered for and pay VAT
- April 2020 if they pay Corporation Tax (CT)
Individuals in employment and pensioners will not have to use the digital service unless they have secondary incomes of more than £10,000 per year from self-employment or property.
In the consultation the government said that it was considering exempting more of the smallest unincorporated businesses from the requirement to keep digital records and make regular updates to HM Revenue and Customs (HMRC). It was also considering deferring the mandatory start date of Making Tax Digital for Business (MTDfB) by 1 year for the next tier of small unincorporated businesses and landlords with annual incomes of above £10,000, but below a threshold to be determined. Final decisions will be made before legislation is laid later this year.