In 2009 the Chancellor announced an extension to the Business Payment Support Service for businesses affected by the current economic conditions.
The service was made available to help businesses who have payments of tax due now or becoming due in the near future. The support team can be contacted by telephone and will usually give a quick decision on the options available to you, including arranging to make payment of your forthcoming tax liability over a longer period of time.
You should contact the HMRC Business Payment Support Service on 0845 302 1435 as soon as possible, as they urge you to get in touch with them in advance of the payment date, as they will be unable to help once the payment deadline of 31st January 2010 has passed.
By Jo Nockels
Disclaimer: The information provided is based on current guidance (at date of publication) from HMRC and may be subject to change. Any advice shared here is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this information, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.