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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

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