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Payment Deferral

 
Richard Alderson and Simon Wilks PricewaterhouseCoopers LLP look at how the new Business Payment Support Scheme has been received by business and how to have a successful conversation with HMRC
 
We are seeing some laudable behaviour from HMRC in response to the current exceptional economic environment. Individual officers or client relationship managers have shown considerable empathy with clients facing difficult circumstances and where possible have engaged in facilitative behaviours such as giving quick clearances. One of the areas where help has been forthcoming is that of payment deferral.
 
HMRC announced measures in the Pre-Budget Report on 24 November 2008 for the introduction of the Business Payment Support Scheme (BPSS). The BPSS was introduced to meet the needs of businesses affected by the current economic conditions by offering to...
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