At last firms can feel relieved
The time to pay service (or Business Payment Support Service), which has helped so many businesses survive the recession by allowing them to delay paying their tax bills, has now been extended to partnerships. (Read our story here). This means accountancy firms – and there have been plenty struggling during the crisis – can now put off their tax bills until they’ve got some money at hand.
That should be a relief a to many. But why did it take so long? Surely partnerships are just as needy as other forms of business?