A question on #Taxation #SelfAssessment tabled by Lord Strasburger on 02-06-2025 has been answered by Lord Livermore.

Heading: Taxation: Self-assessment
Question ID: 1807797
UIN: HL7991
House: Lords
Date tabled: 2025-06-02
Asking Member ID: 4204
Asking Member display name: Lord Strasburger
Asking Member handle: LordStras
Asking Member Twitter reference: @LordStras
Member interest: false
Question text: To ask His Majesty's Government what are the benefits to HMRC and to affected taxpayers of requiring sole traders and landlords to quadruple the frequency and associated costs of their submissions to HMRC from annually to quarterly, starting in April 2026
Is named day: false
Date of holding answer:
Date answered: 2025-06-16
Date answer corrected:
Is holding answer: false
Is correcting answer: false
Answering Member ID: 4559
Answering Member display name: Lord Livermore
Answering Member handle:
Answering Member Twitter reference: Lord Livermore
Correcting Member ID:
Correcting Member display name:
Correcting Member handle:
Correcting Member Twitter reference:
Answer text: Making Tax Digital (MTD) for Income Tax quarterly updates 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, and, where these are up to date, the...
Original answer text:
Comparable answer text:
Answering body ID: 14
Answering body name: Treasury
Tweeted: true