HMRC’s time-to-pay scheme tops £5bn

The taxman has helped UK businesses survive the financial crisis by allowing
them to defer £5.13bn of tax by setting up 300,000 time to pay arrangements, HM
Revenue & Customs has revealed.

The Businesses Payment Support Service has been running for 15 months and has
set up the arrangemnts, which give companies breathing space on their tax bills,
at an average of more than 4,500 a week.

Advisers have voiced concerns it was getting tougher to join the scheme,
adding it would eventually have to close.

However HMRC has insisted the BPSS is still available and the eligibility
criteria have not changed.

Further reading:

arrangements top £4.3bn

folds as HMRC rejects time-to-pay plea

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