More than 20,000 small firms have used HM Revenue & Customs’ Business
Payment Support Service to defer their tax bills since it launched at the end of
The service helps struggling firms by allowing them to set up an affordable
tax payment timetable. Under the scheme, HMRC will not apply any late payment
surcharges where a deferment has been made. But it will charge interest on
outstanding amounts that were unpaid at the time of taking up the service.
According to HMRC, more than £350m in tax, including VAT, PAYE and National
Insurance, has already been deferred.
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