Labour MP for Erith & Thamesmead

Teresa Pearce MP

Archive for April 9th, 2009

small business – “time to pay” Comments Off on small business – “time to pay”

Posted on April 09, 2009 by Teresa Pearce

Government today released the figures showing the number of local business that have benefited from the “time to pay” scheme which allows businesses to delay VAT, Corporation Tax and other taxes to help them with short term cash flow difficulties.

Figures for taxes deferred in Bexley are 230 cases amounting to £4 million deferred in total and in Greenwich  180 cases amounting to £2 million deferred.

HMRC have always operated a “time to pay” policy but the government have streamlined it and made it more easy to access.

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