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 question first answered answering member label
tabling member	label

Search

1715064

registered interest
date	30/04/2024
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 His Majesty's Government what assessment they have made of the impact of HMRC's reported customer service issues on tax compliance among small businesses; and what steps they are taking to mitigate this impact.
tabling member printed	Lord Taylor of Warwick
uin	HL4245
answer	answer is ministerial correction date of answer 09/05/2024 answer text <p>Small businesses play a vital role in the UK economy. The majority want to meet their obligations and pay their fair share of tax, but many struggle to understand tax rules, lack confidence and find the process of complying burdensome. In response, HMRC is investing in approaches to help support including simplifying guidance whilst Making Tax Digital for VAT and data analytics have helped reduce errors. HMRC is also targeting investigations at those who bend or break the rules to help create a level playing field for the honest majority.</p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 09/05/2024 12:14:35 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1610027

registered interest
date	14/04/2023
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 assessment he has made of the potential merits of introducing statutory provisions to enable small businesses to pay their taxes in flexible instalments.
tabling member constituency	Kingston upon Hull West and Hessle
tabling member printed	Emma Hardy
uin	180160
answer	answer is ministerial correction date of answer 24/04/2023 answer text <p>Small businesses are already able to pay their taxes in flexible instalments. There is flexibility in Value Added Tax (VAT), Pay as You Earn (PAYE) Income Tax, and Income Tax Self-Assessment (ITSA).</p><p> </p><p>The VAT Annual Accounting Scheme, open to all businesses with taxable supplies of less than £1.35 million (excluding VAT), allows small businesses to make payments on a monthly or quarterly basis.</p><p> </p><p>Small businesses with PAYE liabilities lower than £1,500 per month can choose whether to make quarterly payments or make monthly payments, usually in line with their real-time information returns.</p><p> </p><p>Small businesses with ITSA liabilities can make monthly or weekly payments toward their next ITSA bill through the Budget Payment Plan.</p><p> </p><p>More details are available at the following links:</p><p><a href="https://www.gov.uk/vat-annual-accounting-scheme" target="_blank">https://www.gov.uk/vat-annual-accounting-scheme</a></p><p><a href="https://www.gov.uk/paye-for-employers" target="_blank">https://www.gov.uk/paye-for-employers</a></p><p><a href="https://www.gov.uk/pay-self-assessment-tax-bill/pay-weekly-monthly" target="_blank">https://www.gov.uk/pay-self-assessment-tax-bill/pay-weekly-monthly</a></p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 24/04/2023 16:06:48 answering member 4399 label Biography information for Victoria Atkins
tabling member	4645 label Biography information for Emma Hardy

1605357

registered interest
date	20/03/2023
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 His Majesty's Government how they ensure that the correct tax is paid by small high street businesses, such as barbers and nail salons, that only accept cash for their goods and services and do not provide receipts.
tabling member printed	Baroness Buscombe
uin	HL6615
answer	answer is ministerial correction date of answer 29/03/2023 answer text <p>The Government is committed to creating a level playing field for all sectors by ensuring that everyone pays the right amount of tax at the right time. Like all other businesses, those which exclusively accept cash must meet their tax obligations.</p><p> </p><p>HMRC’s approach to tax evasion aims to tackle current non-compliance and change future behaviours. Their activities include national campaigns and specialist task forces that incorporate intensive bursts of activity in targeted high risk trade sectors (including the retail and service industry) and locations across the UK. HMRC also works with customer groups and third parties, such as other local and central Government agencies, to reduce error and fraud within these sectors. This includes providing customer education highlighting the importance of keeping accurate records.</p><p> </p><p>HMRC take any report of suspected tax evasion seriously and operate a confidential Fraud Telephone Hotline and an online reporting tool available on GOV.UK.</p> answering member printed Baroness Penn question first answered 29/03/2023 13:02:15 answering member 4726 label Biography information for Baroness Penn
tabling member	3349 label Biography information for Baroness Buscombe

1506647

registered interest
date	20/09/2022
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, if he will make an assessment of the potential impact of the Making Tax Digital reforms that require separate (a) records and (b) tax return submissions for each business on people with multiple small businesses who earn below the income tax threshold; and if he will make an assessment of the potential merits of allowing those people to (i) submit a single tax return and (ii) utilise only one paid software subscription for all of their businesses.
tabling member constituency	Falkirk
tabling member printed	John McNally
uin	51744
answer	answer is ministerial correction date of answer 28/09/2022 answer text <p>As is currently the case for Income Tax Self Assessment, taxpayers will need to maintain separate records for each business that they operate, but under Making Tax Digital (MTD) these will need to be digital. This ensures that businesses maintain accurate records to support the updates and returns they make to HMRC.</p><p> </p><p> </p><p>Making quarterly updates through MTD compatible software is not the same as making quarterly tax returns and no accounting or tax adjustments are needed for these updates. Taxpayers will be able to submit these updates for each business directly from their digital records through the software.</p><p> </p><p> </p><p> </p><p>HMRC expects a range of third-party software will be available to taxpayers and that many products will cater for users with multiple business income sources.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 28/09/2022 08:19:43 answering member 3912 label Biography information for Richard Fuller
tabling member	4424 label Biography information for John McNally

1504112

registered interest
date	02/09/2022
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 assessment his Department has made of the average financial cost for small businesses of following the Making Tax Digital rules.
tabling member constituency	York Outer
tabling member printed	Julian Sturdy
uin	45799
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>I refer the hon. Member for York Outer to the answer that was given on the 8 February 2022 to the Question UIN 116919.</p><p> </p><p>HMRC’s assessment of impacts on businesses was shown in the Tax Information and Impact Note published on 23 September 2021:</p><p><a href="https://www.gov.uk/government/publications/extension-of-making-tax-digital-for-income-tax-self-assessment-to-businesses-and-landlords" target="_blank">https://www.gov.uk/government/publications/extension-of-making-tax-digital-for-income-tax-self-assessment-to-businesses-and-landlords</a>.</p><p> </p><p>HMRC has undertaken significant engagement with business and accountancy representative bodies, as well as software developers, to understand the associated costs of Making Tax Digital mandation.</p><p> </p><p>Additional detail offering a more detailed look at the cost implications was published on 23 September 2021 here: <a href="http://www.gov.uk/government/publications/customer-costs-and-benefits-for-the-next-phases-of-making-tax-digital" target="_blank">www.gov.uk/government/publications/customer-costs-and-benefits-for-the-next-phases-of-making-tax-digital</a>.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 20/09/2022 10:53:27 answering member 3912 label Biography information for Richard Fuller
tabling member	4079 label Biography information for Julian Sturdy