Taxation: Electronic Government
The question
To ask the Chancellor of the Exchequer, what estimate her Department has made of the cost to an average self-employed person of the reduction in the self-reporting threshold in the rollout of Making Tax Digital to £20,000 by 2028.
Answered by Dan Tomlinson
Costs will differ from business to business and are influenced by factors including size and complexity of the business, degree of digital capability and cost and functionality of chosen software.
HMRC has published assessment of the potential impact of MTD for Income Tax on taxpayers joining from April 2028, and it is available at:
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