HMRC gives breather to businesses |
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| Finance | |
| Written by Paul Williams | |
| Wednesday, 14 January 2009 | |
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Over 20,000 businesses have delayed paying more than £350 million of tax after contacting HMRC's Business Payment Support Service (BPSS) in the last six weeks. The new service, announced at the Pre Budget Report (PBR), gives businesses the opportunity to pay all their HMRC taxes, including PAYE, National insurance Contributions and VAT through payment timetables which they can afford.Financial Secretary to the Treasury Stephen Timms MP said: "I urge any business facing financial difficulty in these challenging economic times to pick up the phone and speak to an HMRC adviser. A short phone call could save hard working businesses time and money." Time to pay was launched by the Chancellor of the Exchequer at the PBR in November 2008. The service is designed to assist all businesses that will be unable to pay their tax and in the majority of cases, HMRC will be able to make a decision in around 10 minutes. Comments (1)
 ... Posted by Pink Connect, 16 January 2009
This couldn't have come at a better time for our company. Its about the only thing the government got right in their pre budget report.
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