Have you used the Business Payment Support Service (or "Time To Pay")?

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sospangar replied

8 December 2009, 17:51
I contacted the Business Support Service last January to arrange payment of my corporation tax bill of £10,000 for 2007/2008. Arrangements were made and agreed in a few minutes I had to make an immediate payment of £900 and then set up a 12 month direct debit for £875. An interest charge is made on the balance outstanding each month. I will be making my final payment next month and interest to be paid for the year is around £180
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Sally BFCA replied

7 December 2009, 16:54
There's no clues on HMRC site as to what they will deem acceptable.

None of our client's have used the service. However, I would calculate what you can guarantee to pay monthly and have some documentation to support the offer, income and expenditure.
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RichardCranium started a topic Have you used the Business Payment Support Service (or "Time To Pay")?

7 December 2009, 11:44
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:

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.

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.)
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