Tania Mathias – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Tania Mathias on 2016-01-19.

To ask Mr Chancellor of the Exchequer, whether the new electronic system of quarterly income tax reporting will allow small businesses to align their reporting with VAT returns.

Mr David Gauke

Making Tax Digital will simplify tax administration for small businesses. The Government believes VAT registered businesses should have the option to provide HMRC with one update to cover both VAT and their profits-based taxes. We will consult widely on the details of Making Tax Digital during 2016.