Accountants believe the Time to Pay project (or Business Payments Support
Service) is being wound down after the money owed through the scheme dropped
Kennedy claim the sum owed fell from £1.15bn to £1.01bn at the end of
The firm is concerned the fall in sums being postponed with HM Revenue &
Customs come at a time when bank lending remains lacklustre and when insolvency
experts expect a fresh wave of business collapses.
Anthony Cork, director at Wilkins Kennedy, comments: “All the signs indicate
that Time to Pay is being wound down. However, HMRC seems to be overlooking the
fact that historically, businesses have needed as much support, if not more, as
the economy goes into recovery. This recession is unlikely to be any different.”
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
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
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states