60 Digital reporting and record-keeping for income tax etc
Finance (No 2) Act 2017 (2017 c 32) | Legislation

Part 4 Administration, Avoidance and Enforcement

Reporting and record-keeping

60  Digital reporting and record-keeping for income tax etc

(1)     TMA 1970 is amended as set out in subsections (2) and (3).

(2)     After section 12B insert—

“Digital reporting and record-keeping
12C Digital reporting and record-keeping

Schedule A1 (digital reporting and record-keeping) has effect.”

(3)     Before Schedule 1AA insert—

“SCHEDULE A1
Digital Reporting and Record-Keeping
Section 12C
Part 1
Application
Application: persons
1

(1)     This Schedule applies to a person within the charge to income tax who, otherwise than in partnership, carries on (or has carried on)—

(a)     a trade, profession or vocation the profits of which are chargeable to income tax under Part 2 of ITTOIA 2005,

(b)     a property business the profits of which are chargeable to income tax under Part 3 of ITTOIA 2005, or

(c)     any other activity which may give rise to profits or other income chargeable to income tax under Part 2 or 3 of ITTOIA 2005.

(2)     This is subject to paragraph 2.

2

(1)     This Schedule does not apply to—

(a)     the trustees of a charitable trust, or

(b)     the trustees of an exempt unauthorised unit

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