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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 remove filter
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 remove filter
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