TaxCorporate TaxHMRC agrees £1bn of ‘time to pay’ deals

HMRC agrees £1bn of 'time to pay' deals

HMRC support service attracts record level of businesses renegotiating payment terms

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
downturn.

‘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.

Further Reading:

HMRC
tax helpline inundated

Flexible
tax payment terms a hit with SMEs, says taxman

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