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Small Businesses: Taxation

Asked by James MacClearyLiberal DemocratTreasuryTabled Answered 5 September 2025UIN 72463

The question

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the digital tax system on small businesses.

Answered by Dan Tomlinson

Making Tax Digital (MTD) modernises the tax system and will help businesses and landlords keep on top of their tax affairs. It places small businesses on a more digital footing, with digital tools helping to reduce errors and making annual tax returns easier.

Through a diverse market of accessible, intuitive software, MTD encourages businesses to embrace digital solutions boosting productivity, streamlining operations, and supporting sustainable growth.

The latest published assessment of MTD for Income Tax impacts is available at:

www.gov.uk/government/publications/extension-of-making-tax-digital-for-income-tax-self-assessment-to-sole-traders-and-landlords

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