Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1309521

registered interest
date	15/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans his Department has to simplify the tax code (a) in general and (b) for SMEs.
tabling member constituency	Morley and Outwood
tabling member printed	Andrea Jenkyns
uin	181346
answer	answer is ministerial correction date of answer 22/04/2021 answer text <p>The Government is committed to a tax system that is simple to understand and easy to comply with for all its users, while also tackling avoidance and evasion and ensuring fairness.</p><p> </p><p>Since 2010, the Office of Tax Simplification (OTS) has offered independent advice and recommendations on making the tax system simpler and easier to interact with for taxpayers. In March 2021, the Government commenced the first statutory five-year review of the OTS, to ensure it is as effective as possible.</p><p> </p><p>Changes to the tax system can have a wide impact, and so any reform needs to be well planned, incorporating the wider views of its users. As such, the Government published a call for evidence in March 2021, seeking input on how to modernise the tax administration framework, as part of the 10-year Tax Administration Strategy.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 22/04/2021 14:27:17 answering member 3991 label Biography information for Jesse Norman
tabling member	4490 label Biography information for Dame Andrea Jenkyns

1304862

registered interest
date	22/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what impact assessment his Department conducted of Making Tax Digital on small businesses.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	173128
answer	answer is ministerial correction date of answer 29/03/2021 answer text <p>HMRC have engaged extensively with representative bodies within business and with the accountancy and audit professions, as well as with software developers, to shape the design and implementation of MTD and to understand the potential impacts on businesses of all sizes.</p><p> </p><p>HMRC will continue to work with stakeholders including businesses and their representatives in order to minimise costs and ensure effective support is in place during the transition.</p><p> </p><p>HMRC are also committed to ensuring the availability of software products to meet the needs of those using MTD. HMRC have confidence that the software industry will provide free software products for VAT and ITSA, as well as products that incorporate business management tools.</p><p> </p><p>Support for small businesses will be available directly from HMRC, for example through guidance, videos, webinars and software choices information, as well as through agents and software providers.</p><p> </p><p>The Government published a Tax Information and Impact Note (TIIN) for the smaller VAT businesses being brought into MTD from April 2022 at Budget. The Government will publish further details on the impacts of MTD for Income Tax from April 2023 later this year.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 173129 question first answered 29/03/2021 12:31:54 answering member 3991 label Biography information for Jesse Norman
tabling member	4630 label Biography information for Ben Lake

1304863

registered interest
date	22/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what support his Department plans to provide to small businesses to meet the new requirements of Making Tax Digital.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	173129
answer	answer is ministerial correction date of answer 29/03/2021 answer text <p>HMRC have engaged extensively with representative bodies within business and with the accountancy and audit professions, as well as with software developers, to shape the design and implementation of MTD and to understand the potential impacts on businesses of all sizes.</p><p> </p><p>HMRC will continue to work with stakeholders including businesses and their representatives in order to minimise costs and ensure effective support is in place during the transition.</p><p> </p><p>HMRC are also committed to ensuring the availability of software products to meet the needs of those using MTD. HMRC have confidence that the software industry will provide free software products for VAT and ITSA, as well as products that incorporate business management tools.</p><p> </p><p>Support for small businesses will be available directly from HMRC, for example through guidance, videos, webinars and software choices information, as well as through agents and software providers.</p><p> </p><p>The Government published a Tax Information and Impact Note (TIIN) for the smaller VAT businesses being brought into MTD from April 2022 at Budget. The Government will publish further details on the impacts of MTD for Income Tax from April 2023 later this year.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 173128 question first answered 29/03/2021 12:31:54 answering member 3991 label Biography information for Jesse Norman
tabling member	4630 label Biography information for Ben Lake

1020618

registered interest
date	06/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to advise small and medium-sized businesses on the potential effect of the UK leaving the EU on tax regulations.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	199779
answer	answer is ministerial correction date of answer 11/12/2018 answer text <p>In the unlikely event that we leave the EU without a deal, HM Revenue and Customs has published a ‘Partnership Pack’ to help businesses to prepare for changes at the UK border. The government has also published a technical notice to help businesses prepare for changes to VAT from March 2019 in the event of a ‘no deal’ scenario.</p><p> </p><p>HMRC will ensure that further information will be made available to small and medium sized businesses in due course through established channels.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 11/12/2018 17:35:53 answering member 3935 label Biography information for Mel Stride
tabling member	308 label Biography information for Mr Jim Cunningham

855460

registered interest
date	05/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what measures they are taking to make it easier for small businesses to navigate complex and expensive tax procedures; and how they plan to increase awareness of tax relief schemes amongst small businesses.
tabling member printed	Lord Taylor of Warwick
uin	HL6066
answer	answer is ministerial correction date of answer 19/03/2018 answer text <p>The government is committed to having a tax system that is simple to understand and easy to comply with. Autumn Budget 2017 took a number of practical steps to simplify the tax rules for small businesses including:</p><p> </p><ul><li><p>Extending the option of using mileage rates to property businesses; and</p></li><li><p>Ending receipt checking on subsistence costs when employees are reimbursed using benchmark scale rates.</p><p>These measures build on action taken since 2010 including:</p></li><li><p>Establishing the Office of Tax Simplification and then putting it on a permanent, statutory basis so that it can provide independent advice on simplifying the tax system; and</p></li><li><p>Implementing over 200 of the OTS’s recommendations since 2010. This includes simplifying employee benefits and expenses saving employers an estimated £25 million per annum.</p><p> </p><p>The government also takes action where appropriate to raise awareness of reliefs which support small businesses. For example, at Autumn Budget 2017 the Government announced an R&amp;D tax credits awareness campaign directed primarily towards Small and Medium Enterprises.</p></li></ul> answering member printed Lord Bates question first answered 19/03/2018 14:50:24 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

642863

registered interest
date	23/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Small Businesses: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, in the light of the fact that most small businesses assess their profits annually in arrears, whether it is the intention of HM Revenue and Customs to make small businesses report their income and expenditure quarterly; and what assessment they have made of the feasibility of this requirement.
tabling member printed	Lord Vinson
uin	HL3465
answer	answer is ministerial correction date of answer 05/12/2016 answer text <p>HM Revenue and Customs published a consultation document setting out the Government’s proposals on 15 August 2015 entitled “Making Tax Digital: Bringing business tax into the digital age”. The consultation included an initial assessment of the impacts on businesses. The consultation closed on 7 November. The government is currently considering the responses to the Making Tax Digital consultations and will publish its response and draft legislation in January, together with an updated Tax Impact Assessment.</p> answering member printed Lord Young of Cookham question first answered 05/12/2016 16:37:28 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1807 label Biography information for Lord Vinson

578620

registered interest
date	08/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Small Businesses: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the implications for small businesses of his Department's plans to introduce quarterly digital tax returns by 2020.
tabling member constituency	Linlithgow and East Falkirk
tabling member printed	Martyn Day
uin	45742
answer	answer is ministerial correction date of answer 13/09/2016 answer text <p>The Government launched the Making Tax Digital consultations on 15 August. The consultations included an initial impact assessment alongside an overview of the potential costs and savings. This initial assessment shows a reduction in businesses’ on-going administrative costs in the medium term; these proposals do not mean four tax returns a year.</p><p>The Government will publish an updated assessment in the Tax Information and Impact Note to be published alongside draft legislation</p><p>These reforms will bring the tax system into the 21<sup>st</sup> Century, contributing to HM Revenue and Customs’ overall target to reduce administrative burdens for business by £400m.</p><p> </p> answering member constituency Battersea answering member printed Jane Ellison question first answered 13/09/2016 16:15:11 answering member 3918 label Biography information for Jane Ellison
tabling member	4488 label Biography information for Martyn Day

513456

registered interest
date	18/04/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Small Businesses: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what assessment they have made of the claim by the FSB and Administrative Burdens Advisory Board that the proposed HM Revenue and Customs plans for quarterly tax returns would create a significant administrative and financial burden for small businesses.
tabling member printed	Lord Taylor of Warwick
uin	HL7713
answer	answer is ministerial correction date of answer 03/05/2016 answer text <p>HM Revenue and Customs (HMRC) has consulted informally to understand how the Making Tax Digital changes will affect businesses. This initial assessment shows a reduction in on-going administrative burdens over the longer-term, contributing to HMRC’s overall target to reduce tax administration by £400m by 2020.</p><p>HMRC will publish its initial assessment as part of the formal consultation process, working with stakeholders throughout 2016 to develop understanding, ensuring the final design is focused on reducing burdens.</p><p>As with any other tax measure, a detailed assessment of the impact on administrative burdens will be published alongside draft legislation, expected to be in December 2016. <strong> </strong></p> answering member printed Lord O'Neill of Gatley question first answered 03/05/2016 16:20:34 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	1796 label Biography information for Lord Taylor of Warwick

486944

registered interest
date	24/03/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Small Businesses: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect on the productivity of small and medium-sized businesses of the planned withdrawal of HM Revenue and Customs' evaluation check services.
tabling member constituency	Kirkcaldy and Cowdenbeath
tabling member printed	Roger Mullin
uin	32464
answer	answer is ministerial correction date of answer 14/04/2016 answer text <p>No impact on UK productivity is anticipated. HM Revenue and Customs (HMRC) has not withdrawn valuation services that are most relevant to small and medium sized enterprises including Enterprise Management Incentives (EMI), Company Share Option Plans (CSOP), Save As You Earn share option schemes (SAYE), Share Incentive Plans (SIP) and Employee Shareholder Status (ESS).</p><p> </p><p>HMRC has, however, announced a review of the valuation services for those schemes and is consulting interested parties.</p><p> </p><p>HMRC has withdrawn valuation checks for income tax and PAYE that are not part of these recognized employee ownership schemes. Most people submitted acceptable valuations and therefore the valuation service was not seen as needed.</p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 14/04/2016 14:06:28 answering member 1529 label Biography information for Mr David Gauke
tabling member	4468 label Biography information for Roger Mullin

450319

registered interest
date	03/02/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Small Businesses: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what representations he has received over the additional burdens to small businesses of the move to quarterly tax returns.
tabling member constituency	Chesterfield
tabling member printed	Toby Perkins
uin	25711
answer	answer is ministerial correction date of answer 11/02/2016 answer text <p>Making Tax Digital will not involve quarterly tax returns. Instead, this is about making life easier for businesses – saving them time and money. These changes are a central part of a package of reforms that will save businesses £400m in administrative burdens.</p><p> </p><p>Many taxpayers have told HM Revenue and Customs (HMRC) that they want more certainty over their tax bill and access to an in-year picture of their tax position. Instead of an onerous tax return, once a quarter businesses will update HMRC from their digital records and in most cases, little or no further entry of information will be needed. These reforms will make it easier for business to understand how much tax they owe, giving them far more certainty over their tax position, helping them budget, invest and grow.</p><p> </p><p>The Government has received a number of representations from individuals, businesses, professional bodies and the software industry about Making Tax Digital. I also refer the honourable Member to my response of 11 January 2016 (with references <a href="http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2016-01-04/20876/" target="_blank">20876</a> and <a href="http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2016-01-05/21032/" target="_blank">21032</a>).</p><p><strong> </strong></p><p><strong> </strong></p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 11/02/2016 13:38:19 answering member 1529 label Biography information for Mr David Gauke
tabling member	3952 label Biography information for Mr Toby Perkins