Finance switch a reasonable excuse for late payment

Kashflow logo
Nick Huber
Freelance journalist
Share this content

A haulage business had a reasonable excuse for paying its tax late after its invoice finance provider changed ownership and restricted finance, a tribunal has ruled.

In a ruling that could be good news for struggling companies that use invoice finance companies, the first-tier tribunal ruled in Cuco v HMRC [2013] UKFTT 121 (TC) that the business had a reasonable excuse for its late payments of PAYE and NI contributions.

The unnamed business argued...

Please Login or Register to read the full article

The full article is available to registered members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.