Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, when he plans to announce his decision on the Making Tax Digital annual income exemption threshold; and if he will make it his policy to announce that decision before introducing related legislation into Parliament.
The level of the initial threshold for the income exemption was explored as part of the Making Tax Digital consultations. Given the range of views expressed, the Government announced on 31 January that it will take more time to consider this issue alongside the fiscal impacts.
A final announcement will be made before legislation is introduced.