| Heading: |
Small Businesses: Taxation |
| Question ID: |
1806845 |
| UIN: |
55278 |
| House: |
Commons |
| Date tabled: |
2025-05-30 |
| Asking Member ID: |
4827 |
| Asking Member display name: |
Claire Hanna
|
| Asking Member handle: |
ClaireHanna
|
| Asking Member Twitter reference: |
@ClaireHanna
|
| Member interest: |
false |
| Question text: |
To ask the Chancellor of the Exchequer, what assessment HMRC has made of the potential impact of quarterly reporting on smaller businesses. |
| Is named day: |
false |
| Date of holding answer: |
|
| Date answered: |
2025-06-09 |
| Date answer corrected: |
|
| Is holding answer: |
false |
| Is correcting answer: |
false |
| Answering Member ID: |
4797 |
| Answering Member display name: |
James Murray
|
| Answering Member handle: |
jamesmurray_ldn
|
| Answering Member Twitter reference: |
@jamesmurray_ldn
|
| Correcting Member ID: |
|
| Correcting Member display name: |
|
| Correcting Member handle: |
|
| Correcting Member Twitter reference: |
|
| Answer text: |
Quarterly updates required under Making Tax Digital (MTD) for Income Tax are not the same as full tax returns. They are simple summaries of income and expenses. Software will automatically draw data from a taxpayer’s digital records so where these records... |
| Original answer text: |
|
| Comparable answer text: |
|
| Answering body ID: |
14 |
| Answering body name: |
Treasury |
| Tweeted: |
true |