Linked Data API

Show Search Form

Search Results

1468010
star this property registered interest false more like this
unstar this property date less than 2022-06-06more like thismore than 2022-06-06
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading VAT: Electronic Government remove filter
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the likely impact of HM Revenue’s ‘Making Tax Digital’ compulsory VAT scheme on the number of SME business that have (1) ceased trading, or (2) reduced turnover to below the VAT threshold. more like this
star this property tabling member printed
Lord Vinson more like this
star this property uin HL690 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2022-06-16more like thismore than 2022-06-16
star this property answer text <p>There is no evidence to suggest that businesses have either ceased trading or reduced their turnover to below the VAT threshold due to Making Tax Digital (MTD) for VAT.</p><p>Following the successful introduction of MTD for VAT-registered businesses with taxable turnover above the VAT threshold in April 2019, the Government has extended MTD for VAT to all other VAT-registered businesses from April 2022.</p><p>Independent research shows that businesses using MTD-compliant software for their VAT obligations are realising efficiency benefits and the resulting reduction in errors is leading to additional tax revenue.</p> more like this
star this property answering member printed Baroness Penn more like this
star this property question first answered
less than 2022-06-16T08:14:01.897Zmore like thismore than 2022-06-16T08:14:01.897Z
star this property answering member
4726
star this property label Biography information for Baroness Penn more like this
star this property tabling member
1807
unstar this property label Biography information for Lord Vinson remove filter