More than 60,000 businesses have agreed time to pay tax arrangements with HM
Revenue & Customs totaling more than £1bn.
Stephen Timms, financial secretary to the Treasury, said the service has
proved to be a success for the department.
The time to pay arrangements are particularly beneficial to smaller
businesses experiencing difficulties obtaining credit during the economic
‘This service is delivering the kind of tangible support that business needs
at this time. I would urge any business anticipating or experiencing
difficulties paying their tax to call the helpline and get a quick response
tailored to their specific needs,’ he said.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group