Tax commentators give evidence on Making Tax Digital
6 February 2017
On Monday 6 February 2017 the Economic Affairs Finance Bill Sub-Committee takes evidence on the Government's proposals to Make Tax Digital (MTD) that will apply to small businesses and residential landlords.
- Parliament TV: Draft Finance Bill 2017
- Inquiry: Draft Finance Bill Sub-Committee
- Economic Affairs Finance Bill Sub-Committee
Monday 6 February in Committee Room 2, Palace of Westminster
- Mr John Whiting, Tax Director, Office of Tax Simplification
- Professor Richard Murphy, Director of Tax Research UK and Professor of Practice in International Political Economy, City, University of London, Tax Research UK
- Mr Robin Williamson, Technical Director, Low Income Tax Reform Group
- Mr Kevin Hart, Head of Payroll and Third Party Integration at B&CE (The People's Pension), Business Application Software Developers Association (BADSA)
- Mr Kevin Dady, Group CEO, IRIS Software Group
In the first session the Sub-Committee asks the witnesses about:
- Will the changes simplify the taxation system?
- Which businesses should be exempt from the scheme? Is the proposed threshold (turnover of £10,000 a year) too low?
- Are the smallest businesses ready for the change?
- Will the scheme improve the accuracy of tax records and reduce the tax gap?
In the second session the Sub-Committee asks the witnesses about:
- How ready is the software industry ready for the start of making tax digital in April 2018?
- Are the HMRC software and technical systems ready for the start of the scheme in April 2018?
- Will software companies be willing to offer free software to small businesses?
- Are smaller, less 'digitally-advanced' businesses ready for the changes? Will they be able to adapt?