The primary and secondary legislation for Making Tax Digital for business is in the Finance (No 2) Bill 2017. HMRC has published an update on what is included. A summary follows.

Scope – details of which businesses (including sole traders and landlords) will be in scope of the new requirements.

Entity and activity-specific exemptions – details of exclusions and exemptions from MTD for business.

Regulation-making powers – powers for HMRC to require persons and partnerships to provide …