HMRC announce extended rollout to Making Tax Digital

We already have Making Tax Digital for many VAT registered businesses above the VAT threshold (currently £85,000), but HMRC have just announced an extended rollout to MTD on two fronts.
Making Tax Digital is coming… How will it affect you and your business?

From April 2019, business who have a turnover above the VAT threshold will be mandated to use the Making Tax Digital for Business system. So how will this affect you and your business?