Credit rating and tax debts
Recent reports in the press indicate that the fact that a business has deferred payment of tax with HMRC's Business Support Unit because of cash-flow problems will not appear on any credit checks. This is almost certainly good news if you are such a business. The flip side though is that you have no way of knowing if your customers are having such cash-flow issues.
Cathy Corns is a tax adviser and a partner at Mercer & Hole. The views given in this blog are personal to the author.
Date: 28th August, 2009
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