Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the cost to small businesses and sole traders of quarterly returns as part of the making tax digital reforms announced by the Government on 15 August 2016.

The Government has been clear that quarterly updates will not amount to four tax returns a year.

The Making Tax Digital consultations closed on 7 November. The Government is currently considering the responses received and, as announced at the Autumn Statement, will publish its response in January. As part of its response, the Government will also publish an updated impact assessment.