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1419305

registered interest
date	02/02/2022
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 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.
tabling member constituency	York Outer
tabling member printed	Julian Sturdy
uin	116919
answer	answer is ministerial correction date of answer 08/02/2022 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 answering member printed Lucy Frazer question first answered 08/02/2022 13:39:46 answering member 4517 label Biography information for Lucy Frazer
tabling member	4079 label Biography information for Julian Sturdy

1415986

registered interest
date	24/01/2022
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 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.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	110545
answer	answer is ministerial correction date of answer 01/02/2022 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> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 01/02/2022 15:37:27 answering member 4517 label Biography information for Lucy Frazer
tabling member	4630 label Biography information for Ben Lake

1360915

registered interest
date	18/10/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: Electronic Government
house id	2
legislature	25277 pref label House of Lords
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.
tabling member printed	Lord Taylor of Warwick
uin	HL3187
answer	answer is ministerial correction date of answer 01/11/2021 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> answering member printed Lord Agnew of Oulton question first answered 01/11/2021 17:14:07 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1328024

registered interest
date	25/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: Electronic Government
house id	2
legislature	25277 pref label House of Lords
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.
tabling member printed	Lord Taylor of Warwick
uin	HL589
answer	answer is ministerial correction date of answer 08/06/2021 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> answering member printed Lord Agnew of Oulton question first answered 08/06/2021 11:42:39 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	1796 label Biography information for Lord Taylor of Warwick