Tightening up on tax deferral arrangements
Press reports indicated HMRC has rejected more than 6,000 time-to-pay appeals over the last 12 months.
This is a small proportion of the 220,000 arrangements put in place but does represent a real problem for a lot of businesses.
HMRC has, however, warned action would be taken against businesses that default on payment plans. Such businesses 'should expect HMRC to take firm action to recover the debt.'
I think that counts as 'you have been warned'!
Cathy Corns is a tax adviser and a partner at Mercer & Hole. The views given in this blog are personal to the author, if you would like to discuss the contents of this post with Cathy you can call her on 01908 605552.
Date: 24th November, 2009
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