London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Budget 2010: time to pay HMRC

The Chancellor said today in his Budget Speech, with reference to small businesses:

"The improved time to pay scheme has helped businesses spread £5bn worth of tax payments over a timetable they can afford.

Between them, these businesses employ over 1.4m people.

The extra time has also helped businesses pay more of the tax owed.

This double benefit has convinced me that the scheme should be extended for the whole of the next Parliament."

There's an assumption there that Labour will be in power after the general election! We'll just have to wait and see what happens if they're not.

Time to pay works for viable businesses, but it's not a panacea. It was designed to address a shortage of credit. Other remedies will be needed if your problems are more than a short term cash blip.



Date: 24th March, 2010
Author: Chris Laughton


Articles from this Author

Contact a Partner


Mercer & Hole become first patron of Next Generation Chamber @NorthantsCoC…

19 TAG Alliances Member Firms will be gathering in the Isle of Man this weekend for the 2018 UK and Ireland Regiona……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn