Lords call up tax experts and software developers for MTD hearing

Tax experts and software representives have been called  to give evidence before the House of Lords Economic Affairs Finance Bill sub-committee on government proposals to roll out Making Tax Digital (MTD) quartery reporting for small businesses and residential landlords from 2018

The hearing will be held on Monday 6 February and will be chaired by Lord Hollick, who has been a member of the Finance Bill sub committee since 2012.

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 (LITRG); and
  • Richard Murphy, director of 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); and
  • 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 at www.parliamentlive.tv   More information on the work of the Lords Committee, here

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