HMRC has published an ‘Issue Briefing’ to help taxpayers understand how ‘Time to Pay’ arrangements work.
HMRC has published an ‘Issue Briefing’ to help taxpayers understand how ‘Time to Pay’ arrangements work.
The Business Payment Support Service agreed 444,400 arrangements between December 2008 and June 2011, of which 360,000 were for less than six months with an average value of £17,365, HMRC said.
Responding to reports that it had ‘tightened up’ on Time to Pay, HMRC said: ‘This is not the case. We are applying exactly the same criteria as we have always done and well over 80% of applications are still being approved.
‘However, there has been an increase in the proportion of applications which do not meet the criteria set out earlier. These are often businesses which have had a succession of Time to Pay arrangements or which have failed to keep up the terms of previous arrangements.’
The proportion of applications refused in 2009 was just under 3%. The figure for the first eight months of this year was 14%.
HMRC has published an ‘Issue Briefing’ to help taxpayers understand how ‘Time to Pay’ arrangements work.
HMRC has published an ‘Issue Briefing’ to help taxpayers understand how ‘Time to Pay’ arrangements work.
The Business Payment Support Service agreed 444,400 arrangements between December 2008 and June 2011, of which 360,000 were for less than six months with an average value of £17,365, HMRC said.
Responding to reports that it had ‘tightened up’ on Time to Pay, HMRC said: ‘This is not the case. We are applying exactly the same criteria as we have always done and well over 80% of applications are still being approved.
‘However, there has been an increase in the proportion of applications which do not meet the criteria set out earlier. These are often businesses which have had a succession of Time to Pay arrangements or which have failed to keep up the terms of previous arrangements.’
The proportion of applications refused in 2009 was just under 3%. The figure for the first eight months of this year was 14%.
