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<p>The Government has no plans to introduce quarterly tax returns for business. The
Government is introducing simple, secure and personalised digital tax accounts, removing
the need for annual tax returns. Updating HM Revenue and Customs (HMRC) through software
or apps will deliver a light-touch process, much less burdensome and time-consuming
than it is today.</p><p>The Government will consult on the details of these proposals
throughout 2016 and will publish a Tax Information and Impact Note (TIIN) in the usual
way. This will include an estimate of the impacts on business. The Government routinely
publish TIINs for tax policy changes when the policy detail for those changes is finalised
or near-finalised.</p><p>HMRC has discussed these reforms with a range of professional
bodies and advisory groups representing small businesses and the self-employed. HMRC
has also engaged extensively with a range of professional bodies and other stakeholders
representing the accountancy profession.</p><p>On 14 December 2015, HMRC set out details
of its plans at its annual stakeholder conference, which was attended by a large number
of different organisations representing small businesses.</p><br />
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