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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

445865

	registered interest
	date	19/01/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Small Businesses: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether the new electronic system of quarterly income tax reporting will allow small businesses to align their reporting with VAT returns.
	tabling member constituency	Twickenham
	tabling member printed	Dr Tania Mathias
	uin	23214
	answer	answer is ministerial correction date of answer 22/01/2016 answer text <p>Making Tax Digital will simplify tax administration for small businesses. The Government believes VAT registered businesses should have the option to provide HMRC with one update to cover both VAT and their profits-based taxes. We will consult widely on the details of Making Tax Digital during 2016.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 22/01/2016 14:41:19 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4404 label Biography information for Dr Tania Mathias

90288

	registered interest
	date	02/09/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Small Businesses: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many small and medium-sized businesses have been subject to an HM Revenue and Customs tax review in each of the last three years; and in how many cases such a review has revealed significant errors in the accounts of such a business.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	207832
	answer	answer is ministerial correction date of answer 09/09/2014 answer text <p>The information requested is not centrally held and could be provided only at disproportionate cost.</p><p> </p><p>HM Revenue &amp; Customs (HMRC) do not use the term ‘tax review’ as such our management information systems do not record this information. Compliance interventions in respect of Small and Medium Enterprises are carried out across a range of HMRC Directorates and can relate to any tax regime.</p><p> </p><p> </p><p>HMRC do not use the term ‘significant error’ as such our management information systems do not record this information.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 09/09/2014 14:46:16 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4131 label Biography information for Jim Shannon

443838

	registered interest
	date	11/01/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Small Businesses: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will take steps to ensure that any extra workload due to plans to require the filing of quarterly tax returns by small businesses does not reduce profits and productivity for such small businesses.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	21985
	answer	answer is ministerial correction date of answer 19/01/2016 answer text <p>I refer the honourable Members to my response of 11 January 2016 (with references <a href="http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2016-01-04/20876/" target="_blank">20876</a> and <a href="http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2016-01-05/21032/" target="_blank">21032</a>).</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 21850 21851 question first answered 19/01/2016 17:01:45 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1447 label Biography information for Andrew Rosindell

442263

	registered interest
	date	04/01/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Small Businesses: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what discussions his Department has had with organisations representing small businesses on plans for introducing quarterly tax returns.
	tabling member constituency	Ochil and South Perthshire
	tabling member printed	Ms Tasmina Ahmed-Sheikh
	uin	20852
	answer	answer is ministerial correction date of answer 11/01/2016 answer text <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 /> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 20876 21032 question first answered 11/01/2016 16:54:15 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4427 label Biography information for Ms Tasmina Ahmed-Sheikh

445141

	registered interest
	date	15/01/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Small Businesses: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what the development process is for the free software for small businesses to use to meet the requirements of Making Tax Digital.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	22731
	answer	answer is ministerial correction date of answer 20/01/2016 answer text <p>The Government has committed to ensuring free apps and software are available for those with the simplest affairs in order that businesses can meet the requirements of Making Tax Digital</p><br /><p>HMRC will follow an ‘agile’ approach for software development further information on which can be found at the following URL: <a href="https://www.gov.uk/service-manual/agile#_blank" target="_blank">https://www.gov.uk/service-manual/agile</a>. This approach allows for a deep understanding of business user needs across all stages of development led by research, interviews, discovery workshops, and wider stakeholder engagement. HMRC will then engage closely with the software industry as they develop the software to ensure the requirements and appropriate standards are met, while also feeding in insight generated from HMRC's own work.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 20/01/2016 17:56:24 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4124 label Biography information for Chi Onwurah

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

578620

	registered interest
	date	08/09/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Small Businesses: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the implications for small businesses of his Department's plans to introduce quarterly digital tax returns by 2020.
	tabling member constituency	Linlithgow and East Falkirk
	tabling member printed	Martyn Day
	uin	45742
	answer	answer is ministerial correction date of answer 13/09/2016 answer text <p>The Government launched the Making Tax Digital consultations on 15 August. The consultations included an initial impact assessment alongside an overview of the potential costs and savings. This initial assessment shows a reduction in businesses’ on-going administrative costs in the medium term; these proposals do not mean four tax returns a year.</p><p>The Government will publish an updated assessment in the Tax Information and Impact Note to be published alongside draft legislation</p><p>These reforms will bring the tax system into the 21<sup>st</sup> Century, contributing to HM Revenue and Customs’ overall target to reduce administrative burdens for business by £400m.</p><p> </p> answering member constituency Battersea answering member printed Jane Ellison question first answered 13/09/2016 16:15:11 answering member 3918 label Biography information for Jane Ellison
	tabling member	4488 label Biography information for Martyn Day

486944

	registered interest
	date	24/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Small Businesses: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect on the productivity of small and medium-sized businesses of the planned withdrawal of HM Revenue and Customs' evaluation check services.
	tabling member constituency	Kirkcaldy and Cowdenbeath
	tabling member printed	Roger Mullin
	uin	32464
	answer	answer is ministerial correction date of answer 14/04/2016 answer text <p>No impact on UK productivity is anticipated. HM Revenue and Customs (HMRC) has not withdrawn valuation services that are most relevant to small and medium sized enterprises including Enterprise Management Incentives (EMI), Company Share Option Plans (CSOP), Save As You Earn share option schemes (SAYE), Share Incentive Plans (SIP) and Employee Shareholder Status (ESS).</p><p> </p><p>HMRC has, however, announced a review of the valuation services for those schemes and is consulting interested parties.</p><p> </p><p>HMRC has withdrawn valuation checks for income tax and PAYE that are not part of these recognized employee ownership schemes. Most people submitted acceptable valuations and therefore the valuation service was not seen as needed.</p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 14/04/2016 14:06:28 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4468 label Biography information for Roger Mullin

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