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Lords call for landlords' help on digital tax plans

Wednesday 25 January 2017

​The impact of proposed digital tax plans on landlords and small businesses is to be investigated by a special sub-committee in the House of Lords. 

The controversial 'Making Tax Digital' plans will oblige businesses and private landlords to submit information quarterly to HMRC and will come into effect by 2020.

Fears that the changes are being rushed through without proper consultation have been raised and the Treasury Select Committee warning there are 'serious shortcomings' within the proposals as they stand.

Landlords will now be asked to give evidence to the newly established Finance Bill Sub-Committee (FBSC), set up by the House of Lords Economic Affairs Committee to inquire into the draft Finance Bill 2017.

The inquiry will be focusing on issues of tax administration, clarification and simplification, and is inviting evidence from landlords, businesses and other affected individuals.

The FBSC is looking for statistical and other evidence, including the experience of other tax jurisdictions, relevant to an assessment of the potential impacts of these proposals on businesses, landlords and other taxpayers.

It will also examine the evidence for mandatory digital reporting and the potential impact on the 'tax gap' and for HMRC resources.

Written evidence on the background and general issues should reach the Committee by 3 February 2017.

The scope of the exemptions and measures to help the digitally excluded and the robustness of the proposed timetable from the perspective of those affected, will also come under the spotlight, as well as the software industry, different taxpayer groups (such as small businesses and landlords), intermediaries and HMRC.

The committee will look at the proposed measures to simplify the calculation of taxable profits and basis periods and the timing of their introduction and the consequential revisions to the penalty regime.

Written evidence on the draft clauses should reach the Committee by 15 February 2017.

For full details of the inquiry go to and search for the Finance Bill Sub-Committee.

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