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Accountancy & Finance News

'Time to pay' rejections double

 

Information given under the freedom of information act to Syscap shows HMRC taking hard line on "Time to Pay" arrangements

 

Written by Rachael Singh

Accountancy Age, 10 May 2010

 

HMRC is adopting a hard line on companies requesting "time to pay" their taxes, according to information supplied to IT finance providers and consultants, Syscap.

Obtained by Syscap under the Freedom of Information act (FOI), the data reveals the number of rejected time to pay applications to the taxman has doubled compared to the same period last year, a report in The Independent claims.

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