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The Business Payment Support Service,
announced in the Pre-Budget Report 2008,
is designed to meet the needs of
businesses affected by the current
economic conditions. Any business that is
worried about being able to meet tax,
National Insurance or other payments owed
to HMRC, or anticipates that payments
becoming due will cause them problems, can
get in touch with HMRC to discuss payment
options to help them deal with temporary
cash flow difficulties on 0845 302 1435.
The service is designed to help all
businesses (large and small) that are
struggling to pay their tax. The service
is primarily available to self-employed
people and companies but can be used by
anyone who is having difficulty in meeting
their tax liabilities. The service covers
most taxes and duties including Income
Tax, Corporation Tax, VAT, PAYE and
National Insurance.
To qualify, the business/individual
must be:
- in genuine difficulty
- unable to pay their tax on time
- likely to be able to pay if HMRC
allow them more time.
HMRC have stated that ‘…we will look to
be flexible and agree time to pay
arrangements on a case-by-case basis to
bring the businesses’/client’s tax back up
to date on a timescale that is reasonable
and appropriate to the situation.’
Please do get in touch if you would
like help in this area.
Internet link:
HMRC guidance |
