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Written question asked by Mike Freer (Conservative) on Monday, 12 December 2016, in the House of Commons. It was due for an answer on Wednesday, 14 December 2016. It was answered by Jane Ellison (Conservative) on Tuesday, 20 December 2016 on behalf of the Treasury.

Taxation: Electronic Government

Question

To ask Mr Chancellor of the Exchequer, what estimate he has made of the cost to small businesses and sole traders of quarterly returns as part of the making tax digital reforms announced by the Government on 15 August 2016.

Answer

The Government has been clear that quarterly updates will not amount to four tax returns a year.

The Making Tax Digital consultations closed on 7 November. The Government is currently considering the responses received and, as announced at the Autumn Statement, will publish its response in January. As part of its response, the Government will also publish an updated impact assessment.

Secondary information

Type
Written question
Reference
57237
Session
2016-17
Grouped for answer
Yes
Subjects
Costs Taxation Electronic government
Contains statistics
Yes
Link
View this Written question on www.parliament.uk