Lucy Frazer corrected a written answer on Business: Taxation

22 April 2022 · Commons written answer · Treasury

Emily Thornberry (Labour, Islington South and Finsbury) asked written question 148093 on 28 March 2022. Lucy Frazer answered on 4 April 2022 for the Treasury, and Lucy Frazer corrected the answer on 22 April 2022. The figure 80 per cent in the original became 61 per cent in the correction, lower by 19 percentage points. Altogether 20 words differ between the two versions.

The question

To ask the Chancellor of the Exchequer, with reference to his objective to make tax digital for income tax self assessment, what latest estimate he has made of the numbers of UK businesses and landlords with annual business income above £100,000 who are (a) already fully converted to managing their records and payments digitally, (b) equipped to manage their records and payments digitally but not yet converted in full, and (c) not yet equipped to manage their records and payments digitally.

Original and corrected answer

Struck through: original only. Bold: correction only.

Original	Corrected
HMRC research shows that 97 per cent of small businesses and landlords within the scope of Making Tax Digital (MTD) have access to a compatible device on which to operate it. For MTD for Income Tax, HMRC research shows that 52 per cent of businesses in scope incorporate spreadsheets and 22 per cent incorporate software into their recordkeeping practices. In September 2021, the Government announced businesses would have an extra year to prepare for MTD for Income Tax. Free software will be available for the smallest businesses with straightforward affairs. Over a third of VAT registered businesses with taxable turnover below £85,000 ~~have~~ already voluntarily chosen to join MTD for VAT, demonstrating that a modern and digital approach to managing tax can work for businesses of every size. HMRC ~~research~~ shows that around 80 per cent of VAT-registered businesses below the VAT threshold already employ ~~a digital record-keeping system.~~ Online submissions for VAT returns have been mandatory for all VAT-registered businesses since 2010.	HMRC research shows that 97 per cent of small businesses and landlords within the scope of Making Tax Digital (MTD) have access to a compatible device on which to operate it. For MTD for Income Tax, HMRC research shows that 52 per cent of businesses in scope incorporate spreadsheets and 22 per cent incorporate software into their recordkeeping practices. In September 2021, the Government announced businesses would have an extra year to prepare for MTD for Income Tax. Free software will be available for the smallest businesses with straightforward affairs. Over a third of VAT registered businesses with taxable turnover below £85,000 had already voluntarily chosen to join MTD for VAT, demonstrating that a modern and digital approach to managing tax can work for businesses of every size. HMRC survey data from 2020 shows that around 61 per cent of VAT-registered businesses below the VAT threshold already employ compliant software in readiness for MTD . Online submissions for VAT returns have been mandatory for all VAT-registered businesses since 2010.

Original

Corrected

HMRC research shows that 97 per cent of small businesses and landlords within the scope of Making Tax Digital (MTD) have access to a compatible device on which to operate it. For MTD for Income Tax, HMRC research shows that 52 per cent of businesses in scope incorporate spreadsheets and 22 per cent incorporate software into their recordkeeping practices. In September 2021, the Government announced businesses would have an extra year to prepare for MTD for Income Tax. Free software will be available for the smallest businesses with straightforward affairs.
Over a third of VAT registered businesses with taxable turnover below £85,000 ~~have~~ already voluntarily chosen to join MTD for VAT, demonstrating that a modern and digital approach to managing tax can work for businesses of every size. HMRC ~~research~~ shows that around 80 per cent of VAT-registered businesses below the VAT threshold already employ ~~a digital record-keeping system.~~ Online submissions for VAT returns have been mandatory for all VAT-registered businesses since 2010.

HMRC research shows that 97 per cent of small businesses and landlords within the scope of Making Tax Digital (MTD) have access to a compatible device on which to operate it. For MTD for Income Tax, HMRC research shows that 52 per cent of businesses in scope incorporate spreadsheets and 22 per cent incorporate software into their recordkeeping practices. In September 2021, the Government announced businesses would have an extra year to prepare for MTD for Income Tax. Free software will be available for the smallest businesses with straightforward affairs.
Over a third of VAT registered businesses with taxable turnover below £85,000 had already voluntarily chosen to join MTD for VAT, demonstrating that a modern and digital approach to managing tax can work for businesses of every size. HMRC survey data from 2020 shows that around 61 per cent of VAT-registered businesses below the VAT threshold already employ compliant software in readiness for MTD . Online submissions for VAT returns have been mandatory for all VAT-registered businesses since 2010.

The question and answer on the Parliament website.

Receipt

Read from	https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1454977?expandMember=true
Date read	15 October 2026
SHA-256	`bfa3e66759b4e863748c0540964fd781d6a82b7602651248a64fef66dbf5971f`