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1694090

registered interest
date	06/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: Electronic Government
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the preparedness of (a) self-employed people and (b) landlords with an income over £50,000 to begin using Making Tax Digital for income tax self-assessment from April 2026.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	17312
answer	answer is ministerial correction date of answer 11/03/2024 answer text <p>HMRC published research in 2022 indicating that two thirds of those with income above £10,000 felt capable of changing to Making Tax Digital for Income Tax (MTD for ITSA). Those with income over £50,000 are already more likely to be using digital tools than smaller businesses; many will already be using MTD for VAT. <br> <br>HMRC has an established programme of social research, focused on understanding the characteristics and support needs of its customers. This will inform an ongoing communications campaign, raising awareness of MTD for ITSA and supporting HMRC’s customers to prepare.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 11/03/2024 16:39:41 answering member 4407 label Biography information for Nigel Huddleston
tabling member	1409 label Biography information for Mr Gregory Campbell

1677839

registered interest
date	13/12/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: Electronic Government
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what his planned timetable is for the rollout of Making Tax Digital.
tabling member constituency	Ellesmere Port and Neston
tabling member printed	Justin Madders
uin	6832
answer	answer is ministerial correction date of answer 18/12/2023 answer text <p>Since April 2022, all VAT-registered businesses have been required to operate Making Tax Digital (MTD) for VAT. This followed a phased rollout of MTD for VAT which began in 2019.</p><p>MTD for Income Tax Self Assessment will be introduced from April 2026, with businesses, self-employed individuals and landlords with income over £50,000 required to join first. Those with incomes between £30,000 and £50,000 will need to use MTD from April 2027.</p><p> </p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 18/12/2023 15:37:32 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4418 label Biography information for Justin Madders

1248329

registered interest
date	03/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: Electronic Government
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of the costs to businesses of interfacing their accounting software with HMRC in compliance with reguirements for the digitisation of reporting.
tabling member constituency	New Forest West
tabling member printed	Sir Desmond Swayne
uin	110718
answer	answer is ministerial correction date of answer 09/11/2020 answer text <p>The costs incurred in the move to digital record keeping and reporting through Making Tax Digital (MTD) will vary from business to business, and are dependent on factors such as business size, complexity, degree of digital capability and the cost and functionality of the software used. There are free software products available for businesses with the simplest affairs.</p><p> </p><p>HMRC’s early estimates published on 21 July anticipated that businesses will incur costs of, on average, £175 to make the transition to MTD, with about £20 a year in additional continuing costs. HMRC have since undertaken significant engagement with representative bodies within both the business and accountancy worlds, as well as software developers, in order to further understand the associated costs of future MTD mandation. These costs represent an investment that will yield dividends in terms of increased productivity and turnover. HMRC are working with these bodies in order to ensure estimates are accurate and will do all they can to minimise costs. A new publication with revised estimates will be published in due course.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/11/2020 16:08:23 answering member 3991 label Biography information for Jesse Norman
tabling member	55 label Biography information for Sir Desmond Swayne