This Content Was Last Updated on May 4, 2016 by Jessica Garbett
Theres a useful article about HMRCs Business Payment Support Service – the team set up late last year to help businesses facing short term recessionary cash flow problems to negotiate payment terms with HMRC – on Accounting Web.
One thing thats been confirmed is that sub contractors on gross payment status who use the scheme will not register a default – this is good as it means gross payment status will not be effected.
HMRC urge businesses who are anticipating difficulty paying an imminent tax ill to contact them sooner rather than later.