HMRC has published a myth-buster document on its project to digitise tax. It is reproduced in full below:

‘Myth: Businesses will need to do four tax returns a year

‘No. Businesses will not need to file four tax returns a year.

‘The new digital accounts will integrate all the different information businesses already provide to HMRC into a simple, streamlined system.

‘Instead of one big, onerous tax return each year once a quarter businesses can check that the information …