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.
With Article 50 triggered, businesses are aware that they need to plan for all eventualities. Robert Facer of Menzies asks 'how hard is a hard Brexit?'
Speaking in the House of Commons minutes after triggering Article 50, prime minister Theresa May said that it was a 'historic moment from which there can be no turning back'
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer