Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of trends in the level of costs incurred by businesses for accountancy software packages to ensure their compliance with Making Tax Digital requirements in each of the last three years.

HMRC has worked closely with software providers so that businesses will be able to choose a product that suits both their budget and their needs. This includes some products which have been deployed specifically to support different types of sectors.

There are free software products suitable for smaller, simpler businesses and subscription based Making Tax Digital (MTD) compatible software available. Costs will differ from business to business, and are influenced by factors including the size and complexity of the business, degree of digital capability, and the cost and functionality of software solution employed.