Chairman of the Commons Treasury Committee Andrew Tyrie MP has written to the Financial Secretary to the Treasury insisting that the government provide a comprehensive assessment of the impacts that maintaining business records in digital form will have on large businesses whose software and systems are not compatible with HMRC’s requirements. This should be accompanied by a full consultation involving stakeholders and Parliament, leading to ‘an acceptable plan for its gradual introduction’.
‘A thorough impact assessment is the minimum required before proceeding with the government’s proposals to make digital record keeping compulsory,’ wrote Mr Tyrie.
‘No doubt Making Tax Digital is the future,’ he said, ‘but businesses and their customers should not be expected to foot the bill for the transition.’
Chairman of the Commons Treasury Committee Andrew Tyrie MP has written to the Financial Secretary to the Treasury insisting that the government provide a comprehensive assessment of the impacts that maintaining business records in digital form will have on large businesses whose software and systems are not compatible with HMRC’s requirements. This should be accompanied by a full consultation involving stakeholders and Parliament, leading to ‘an acceptable plan for its gradual introduction’.
‘A thorough impact assessment is the minimum required before proceeding with the government’s proposals to make digital record keeping compulsory,’ wrote Mr Tyrie.
‘No doubt Making Tax Digital is the future,’ he said, ‘but businesses and their customers should not be expected to foot the bill for the transition.’
