PLANS to force small businesses and self-employed people to make quarterly online tax returns that were delayed for a year by Philip Hammond in his Budget speech should be pushed back to 2020 according to a House of Lords committee.
The House of Lords Economic Affairs Committee also said the ‘Making Tax Digital’ system should be optional for certain businesses.
The Government has been told the scheme is being rushed, imposing unnecessary burdens on small businesses, and will yield little benefit to the Government. The changes also coincide with other changes to small business taxation such as to business rates.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
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We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
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