House of Lords looks into Making Tax Digital

On Monday 6 February 2017, the House of Lords Economic Affairs Finance Bill Sub-Committee will take evidence on the Government’s proposals to Make Tax Digital (MTD) that will apply to small businesses and residential landlords. Watch the session live on the internet at: www.parliamentlive.tv

At 3.35pm the Committee will hear from:

• John Whiting, Tax Director, Office of Tax Simplification

• Robin Williamson, Technical Director, Low Income Tax Reform Group

• Richard Murphy, Director of Tax Research UK and Professor of Practice in International Political Economy, City, University of London, Tax Research UK.

They will be asked questions such as:

• Will the changes simplify the taxation system?

• Which businesses should be exempt from the scheme? Is the proposed threshold (turnover of £10,000 a year) too low?

• Are the smallest businesses ready for the change?

• Will the scheme improve the accuracy of tax records and reduce the tax gap?

At 4.15pm the Committee will hear from:

• Kevin Hart, Head of Payroll and Third Party Integration at B&CE (The People’s Pension), Business Application Software Developers Association (BADSA)

• Kevin Dady, Group CEO, IRIS Software Group.

They will be asked questions such as:

• How ready is the software industry ready for the start of making tax digital in April 2018?

• Are the HMRC software and technical systems ready for the start of the scheme in April 2018?

• Will software companies be willing to offer free software to small businesses?

• Are smaller, less ‘digitally-advanced’ businesses ready for the changes? Will they be able to adapt?

This evidence session will take place at 3.35pm on Monday 6 February 2017 in Committee Room 2 of the House of Lords

Watch the session live on the internet at: www.parliamentlive.tv

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