Stop Making Tax Digital because it will be hugley burdensome on small businesses

Closed 492 signatures

What the petition asks

HMRC is pushing ahead with Making Tax Digital: a scheme that will force all business to maintain digital accounts. Currently most small businesses use paper accounting records or spreadsheets. Small businesses lack the skills, time and funding to maintain digital accounts.

Contrary to what HMRC have said, small businesses will not benefit from MTD. Making Tax Digital is a misnomer because businesses have been filing digital tax returns for 20 years. HMRC would gain from MTD because HMRC would receive more detailed trading information for businesses. Whilst HMRC needs to ensure it collects the correct tax, HMRC completely under estimates the cost of compliance on small businesses.

Timeline

27 Sep 2016	Petition opened for signatures
27 Mar 2017	Closed to new signatures

Key facts

Signatures 492

Status Closed

Opened 27 Sep 2016

Closed 27 Mar 2017

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