SMEs lean on taxman to ease payment terms

SMEs take up offer to ease cashflow burden by easing tax payments

Written by Kevin Reed

More than 2,200 small businesses have asked the taxman for more time to pay their tax bills.

The claims to relieve pressure on the businesses follows chancellor Alistair Darling's pledge in the pre-Budget report that HM Revenue & Customs would look to ease terms in light of the economic crisis.

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Some of the companies have been given several months to pay off their bills, reported the Daily Telegraph.

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