LORDS

Can the Government make tax digital for small businesses?

21 February 2017

On Wednesday 22 February 2017 officials from HM Revenue and Customs (HMRC) and HM Treasury give evidence to the Economic Affairs Finance Bill Sub-Committee on the Government's proposals to Make Tax Digital (MTD) that will see small businesses and residential landlords keeping digital records and providing quarterly updates.

Witnesses

Wednesday 22 February in Committee Room 2, Palace of Westminster

At 3.35pm

  • Ms Theresa Middleton, Programme Director, Making Tax Digital (Business), HM Revenue and Customs
  • Mr Jim Harra, Director General, Customer Strategy and Tax Design, HM Revenue and Customs
  • Ms Lucy Pink, Deputy Director, Tax Administration Spending and Reform, HM Treasury

Areas of discussion

Witnesses answer questions including:

  • How much will it cost small businesses to move to a digital system? Why do accountants and small businesses think the cost will be much higher than the Government's assessment predicts?
  • Will the costs of moving to digital system force businesses into the shadow economy?
  • Is it realistic to start the scheme in April 2018? Is there enough time for a full pilot?
  • What free software will be available to businesses?
  • What will HMRC do to make sure small businesses are aware of the changes and support them?
  • Which businesses should be exempt?

Further information

Image: Parliamentary copyright

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