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Select committee: Business, Innovation, Science and Trade Committee

Recommendation 12

15th Report – Small business strategy Published 11 Feb 2026 Addressed to Department for Business and Trade

Business, Innovation, Science and Trade Committee Small business strategy All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗

Recommendation (the committee's words)
The Government should publish a baseline assessment of SME administrative costs of complying with the tax system. The Government should aim to reduce the costs of complying with the tax system by 25% by the end of the Parliament, in line with its target to cut regulation. As a first 71 step, it should increase the roll out period for Making Tax Digital for income tax. It should also reduce the quarterly reporting requirements under Making Tax Digital. (Recommendation, Paragraph 56)

From: Business, Innovation, Science and Trade Committee, 15th Report – Small business strategy (HC 1057), 11 February 2026

Government response

No government response linked yet: deadline 11 April 2026, 204 days ago.