Small Businesses: Taxation
The question
To ask the Chancellor of the Exchequer, what steps she is taking to support small businesses in North Shropshire in the transition to Making Tax Digital.
Answered by Dan Tomlinson
MTD 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.
The government has undertaken a range of activities to ensure those needing to use Making Tax Digital (MTD) for Income Tax are ready and able to do so successfully.
This includes targeted media campaigns, awareness letters, guidance, and work with the software industry to ensure a range of products are available to suit different needs, including free options for those with the simplest affairs.
HMRC is also working closely with agents, charities and representative bodies to provide tailored support. It will continue to monitor implementation to ensure that businesses are supported in meeting their obligations as MTD is rolled out.
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