Tax payment delay scheme embraced by firms

HM Revenue and Customs’ (HMRC) recently launched Business Payment Support Service (BPSS) has already enabled 25,000 businesses to delay paying more than £429m worth of tax, according to the government. The service, launched in November 2008, gives businesses the opportunity to pay all their HMRC taxes, including PAYE, National Insurance Contributions and VAT, through timetables they can afford. It was set up to help those in business or who are self-employed, and who are experiencing temporary financial problems.

 

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