Economic Affairs Committee
Making Tax Digital for VAT: Treating Small Businesses Fairly
3rd Report of Session 2017-19 - published 22 November 2018 - HL Paper 229
Contents
Summary of conclusions and recommendations
Chapter 2: Development of Making Tax Digital
The 2017 report—key conclusions and recommendations
Policy developments and implementation progress
Chapter 3: HMRC’s preparations for Making Tax Digital for VAT
Understanding business systems and concerns
Communications and taxpayer support
Assisting the digitally excluded
Chapter 4: The new software market
Development of MTD-compliant software
Business awareness and planning
Progress towards implementation
Chapter 6: The Making Tax Digital penalty and interest regime
The current penalty and interest regime
Draft legislation on penalties
VAT default surcharge and repayment supplement, and proposed interest regime
Chapter 7: Revisiting the case for Making Tax Digital
HMRC’s estimates of tax gap reduction
Table 1: One practitioner’s estimate of transition costs of MTD for VAT for their clients
Chapter 8: HMRC’s responsiveness to our 2017 report
Appendix 1: List of Members and declarations of interest
Appendix 3: Private roundtable meeting
Evidence is published online at https://www.parliament.uk/finance-bill-2018-sub-committee and available for inspection at the Parliamentary Archives (020 7219 3074).
Q in footnotes refers to a question in oral evidence