Businesses face insolvency over tax debts
Posted by Gina Dyer in Tax on Thu, 29/07/2010 - 10:59
Businesses that don't manage their tax debts properly may face insolvency and be unable to take advantage of HMRC's Time to Pay scheme, warn experts.
As the 31 July deadline for paying national insurance contributions looms large, HMRC’s policy on allowing extended time to pay under the Business Payment Support Service (BPSS) may push taxpayers towards less conventional sources of funds to pay the tax due.
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