Have you used the Business Payment Support Service (or "Time To Pay")?
Have you taken advantage of the Business Payment Support Service? If so, what was your experience?
Link:
I called them about an imminent bill I cannot pay and they said they want a proposal from me about how I intend to pay it. They wouldn't give me any hints as to what might be acceptable. My accountant had previously mentioned this scheme and said a typical repayment scheme is to spread the bill over ten months. Sitting on the bench even that looks like an impossible promise. The accountant is currently overseas topping up his tan and so is unable to help. 
Do you know of anyone who has used it and what sort of terms they agreed?
(PS: Don't do what my accountant advised me in the summer which was to leave it until a couple of weeks before the bill payment deadline before doing something about it.)
Link:
On 24 November 2008, we introduced a new, dedicated Business Support Service designed to meet the needs of businesses affected by the current economic conditions. This Service is still running and is available to help you if your business is viable and you are experiencing difficulties in meeting your tax obligations as a result of the current economic circumstances.
If you're worried about being able to meet tax, National Insurance, VAT or other payments owed to HM Revenue & Customs (HMRC), or you anticipate that payments coming due will cause you problems, you can call our Business Payment Support Line.
If you're worried about being able to meet tax, National Insurance, VAT or other payments owed to HM Revenue & Customs (HMRC), or you anticipate that payments coming due will cause you problems, you can call our Business Payment Support Line.
Do you know of anyone who has used it and what sort of terms they agreed?
(PS: Don't do what my accountant advised me in the summer which was to leave it until a couple of weeks before the bill payment deadline before doing something about it.)
Comment