§ Mr. JackTo ask the Chancellor of the Exchequer what steps the Inland Revenue are taking to simplify tax accounts for small businesses.
§ Mr. LilleyAs from next April, detailed tax accounts will no longer be needed from many small businesses. Taxpayers will still need to keep accurate business records, but three line accounts will be accepted with tax returns. This relaxation could simplify dealing with tax for up to a million small businesses.