Although the use of software is increasing, there will be taxpayers who prefer to use their own software or not to use software at all, for example, a spreadsheet or manual cashbook.
As actual trading results are used to calculate the provisional tax payment, minimum accounting requirements are necessary for taxpayers using manual systems. We expect a standard of reasonable care to be taken when calculating provisional tax. At a minimum, to use AIM we expect a taxpayer to maintain a double entry accounting system with period end adjustments and reconcile this to a bank account
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