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03 Mar 2010
The taxman has helped UK businesses survive the financial crisis by allowing them to defer £5.13bn of tax by setting up 300,000 time to pay arrangements, HM Revenue & Customs has revealed.
The Businesses Payment Support Service has been running for 15 months and has set up the arrangemnts, which give companies breathing space on their tax bills, at an average of more than 4,500 a week.
Advisers have voiced concerns it was getting tougher to join the scheme, adding it would eventually have to close.
However HMRC has insisted the BPSS is still available and the eligibility criteria have not changed.
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Visitor comments Add your comment
How much help?
How many businesses have the Government actually helped with cash flow through this recession?
Full Fact analysed Gordon Brown and Harriet Harman's claims and found evidence of exaggeration.
http://fullfact.org/?p=790
Posted by: Tim, 05 Mar 2010 | 00:00