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: |
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Date answered: |
2025-06-16 |
Date answer corrected: |
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Is holding answer: |
false |
Is correcting answer: |
false |
Answering Member ID: |
4559 |
Answering Member display name: |
Lord Livermore
|
Answering Member handle: |
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Answering Member Twitter reference: |
Lord Livermore
|
Correcting Member ID: |
|
Correcting Member display name: |
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Correcting Member handle: |
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Correcting Member Twitter reference: |
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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: |
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Comparable answer text: |
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Answering body ID: |
14 |
Answering body name: |
Treasury |
Tweeted: |
true |