Linked Data API

Show Search Form

Search Results

1419305
registered interest false more like this
date less than 2022-02-02more like thismore than 2022-02-02
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Taxation: Electronic Government remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of the Making Tax Digital reforms on the workload of small businesses and accountants in the run up to submission deadlines. more like this
tabling member constituency York Outer more like this
tabling member printed
Julian Sturdy more like this
uin 116919 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-02-08more like thismore than 2022-02-08
answer text <p>Making Tax Digital (MTD) is already benefiting UK businesses, simplifying tax administration through software. <br> <br> Digital record keeping, using accounting software or apps, will make end of year activity a simpler process than it currently is. However, as with any change, the transition to digital may be more of a step for some. For MTD for VAT, operating since April 2019, independent research shows that most businesses felt the process of transitioning was easy.</p><p> </p><p>For MTD for Income Tax, quarterly summaries of business income and expenditure automatically produced from businesses’ digital records will spread the checking and assurance of accounts through the year, reducing pressure at year-end.</p><p> </p><p>HMRC’s assessment of impacts on businesses was shown in the Tax Information and Impact Note and supplementary information published on 23 September 2021, which can be found here: <a href="https://www.gov.uk/government/publications/extension-of-making-tax-digital-for-income-tax-self-assessment-to-businesses-and-landlords/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/extension-of-making-tax-digital-for-income-tax-self-assessment-to-businesses-and-landlords</a></p>
answering member constituency South East Cambridgeshire more like this
answering member printed Lucy Frazer more like this
question first answered
less than 2022-02-08T13:39:46.673Zmore like thismore than 2022-02-08T13:39:46.673Z
answering member
4517
label Biography information for Lucy Frazer more like this
tabling member
4079
label Biography information for Julian Sturdy more like this
1415986
registered interest false more like this
date less than 2022-01-24more like thismore than 2022-01-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Taxation: Electronic Government remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment has the Treasury made of the efficacy of introducing a price-cap on software to be used under the Making Tax Digital for Income Tax regime. more like this
tabling member constituency Ceredigion more like this
tabling member printed
Ben Lake more like this
uin 110545 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-02-01more like thismore than 2022-02-01
answer text <p>The Government expects software compatible with Making Tax Digital (MTD) for Income Tax Self-Assessment to be available at a range of prices, as we have seen with software for MTD for VAT. We have committed to free market-provided products which meet customers’ basic MTD needs. Many software options will combine MTD for Income Tax Self-Assessment functions with other tools, such as invoicing, giving businesses the opportunity for wider digital benefits.</p><p> </p><p>For MTD for VAT, software developers are currently providing 22 free products, supporting the smallest businesses and landlords with straightforward affairs. HMRC has liaised extensively with the software market to ensure a range of software products, which includes affordable and free options, are made available to businesses. Some software providers have also indicated that current MTD for VAT software is likely to be upgraded for free for MTD for Income Tax Self-Assessment.</p> more like this
answering member constituency South East Cambridgeshire more like this
answering member printed Lucy Frazer more like this
question first answered
less than 2022-02-01T15:37:27.747Zmore like thismore than 2022-02-01T15:37:27.747Z
answering member
4517
label Biography information for Lucy Frazer more like this
tabling member
4630
label Biography information for Ben Lake more like this
1360915
registered interest false more like this
date less than 2021-10-18more like thismore than 2021-10-18
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Taxation: Electronic Government remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what steps they are taking to ensure that software providers for businesses participating in the Making Tax Digital programme do not pursue unfair profit-seeking behaviour. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL3187 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-11-01more like thismore than 2021-11-01
answer text <p>HMRC works closely with the software industry to ensure that businesses have access to products that suit their budgets and needs.</p><p>The introduction of Making Tax Digital (MTD) for VAT has resulted in a competitive software market. Many businesses that were already using subscription-based accounting software before MTD saw their products upgraded for MTD compatibility for free. Several free and low-cost software products are available.</p><p>HMRC expects a similarly competitive market for MTD for Income Tax Self Assessment. The government remains committed to working with software suppliers to ensure there are free MTD for Income Tax Self Assessment software products for businesses with straightforward tax affairs.</p> more like this
answering member printed Lord Agnew of Oulton more like this
question first answered
less than 2021-11-01T17:14:07.8Zmore like thismore than 2021-11-01T17:14:07.8Z
answering member
4689
label Biography information for Lord Agnew of Oulton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1328024
registered interest false more like this
date less than 2021-05-25more like thismore than 2021-05-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Taxation: Electronic Government remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what steps they are taking to increase awareness of the impact of 'Making Tax Digital' on tax. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL589 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-06-08more like thismore than 2021-06-08
answer text <p>The Government is committed to ensuring that businesses within scope of Making Tax Digital (MTD) understand the impact it will have on their business. All taxpayers within scope of MTD will receive direct contact from HMRC in advance of mandation outlining the changes and explaining how to comply.</p><p> </p><p>HMRC engage extensively with taxpayers, agents, and representative bodies to raise awareness of MTD through stakeholder forums, public events, webinars, social media, and publishing information and guidance on GOV.UK.</p><p> </p><p>MTD does not change the amount of tax a business has to pay, but rather when and how it reports tax information to HMRC. Two independent research studies commissioned by HMRC have found that small businesses that had joined MTD for VAT with fully integrated software reported spending less time on their tax and making fewer errors.</p> more like this
answering member printed Lord Agnew of Oulton more like this
question first answered
less than 2021-06-08T11:42:39.917Zmore like thismore than 2021-06-08T11:42:39.917Z
answering member
4689
label Biography information for Lord Agnew of Oulton more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1156088
registered interest false more like this
date less than 2019-10-24more like thismore than 2019-10-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Taxation: Electronic Government remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessments were undertaken on the negative effects on smaller, rural businesses of Making Tax Digital. more like this
tabling member constituency Romsey and Southampton North more like this
tabling member printed
Caroline Nokes more like this
uin 4989 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-10-31more like thismore than 2019-10-31
answer text <p>By 24 October 2019 over 1.25 million businesses had joined the new MTD service and over 1.75 million VAT returns had been successfully submitted using MTD-compatible software.</p><p> </p><p>HM Revenue and Customs (HMRC) have worked with and taken feedback from stakeholders including Defra and the National Farmers’ Union, to help shape the design and to understand the impact of the MTD service. An assessment of the impact on smaller, rural businesses is included within the wider Impact Assessment.</p><p> </p><p>Broadband connectivity was presented as a particular challenge for some rural communities. The Government has committed more than £1 billion for the next generation of digital infrastructure, with the Chancellor recently announcing a £5 billion commitment to fund gigabit-capable (speeds of 1,000Mbps&gt;) deployment in the hardest to reach 20% of UK premises. This will close the digital divide and ensure rural areas are not left behind.</p><p> </p><p>Those that cannot go digital are already not required to join MTD.</p>
answering member constituency Hereford and South Herefordshire more like this
answering member printed Jesse Norman more like this
question first answered
less than 2019-10-31T15:59:24.157Zmore like thismore than 2019-10-31T15:59:24.157Z
answering member
3991
label Biography information for Jesse Norman more like this
tabling member
4048
label Biography information for Caroline Nokes more like this