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:
Flexible
tax payment terms a hit with SMEs, says taxman
