Call us on our free phone number 0800 587 0093

Legal Service Finder

People Finder

Search AG


My Ashton KCJ Bookmarks

Currently no favourites bookmarkedAdd this page to FavoritesCharacter limit exceeded! Limit:To delete the bookmark click on the title and drag out.Bookmark already exists!Custom titleDescriptionPlease fill in all required fields!  
100smoothness

Warning: Invalid argument supplied for foreach() in /home/ashtonkc/public_html/modules/mod_cd_fapa/tmpl/default.php on line 56
Time to pay scheme extension 'will protect firms from insolvency' /resources/news/insolvency/1284-Time-to-pay-scheme-extension-will-protect-firms-from-insolvency

Home > News & Resources > News > Insolvency > Time to pay scheme extension 'will protect firms from insolvency'
Time to pay scheme extension 'will protect firms from insolvency'
The government's decision to extend its tax relief system for small businesses has been praised for the role it will play in protecting companies against the threat of insolvency.

John Whiting, tax policy director of the Chartered Institute of Taxation (CIOT), welcomed the agreement to prolong the HM Revenue & Customs (HMRC) time to pay scheme for "as long as needed".

The charity highlighted the fact that 160,000 companies have already used the initiative to defer their tax charges in order to stave off insolvency and that most have since upheld the terms of their payment agreements with HMRC.

Mr Whiting stated that the lengthening of the scheme will therefore bring further aid to "businesses of all sizes".

He said: "The extension of the scheme will help those businesses that need help to continue into the upturn."

This extra time given to the initiative has also been welcomed by professional services provider KPMG, which stated that the scheme will give struggling businesses "vital time" to manage their various financial commitments.ADNFCR-2347-ID-19505452-ADNFCR
 

Lawyers and Solicitors in Norfolk, Suffolk and Cambridgeshire – Legal services for you, your family, your business

Commercial Legal Services include: Agricultural Services, Commercial Property, Corporate Legal Services, Commercial Debt Recovery, Dispute Resolution, Employment Business, Insolvency, Licensing and Professional Negligence.

Personal Legal Services include: Court of Protection, Dispute Resolution, Elderly Client Services, Employment Individual, Family Law, Powers of Attorney, Residential Property, Tax and Wills, Probate and Trusts

Injury Legal Services include: Personal Injury and Medical Injury

French Legal Services include: French Litigation Assistance, French Matrimonial Transfers, French Property Legal Advice, French Wills and Succession Issues and French Inheritance Tax.

 

Ashton KCJ Offices Bury St Edmunds Cambridge Felixstowe Ipswich Norwich Thetford

SRA Number   45826   |   VAT Number   GB 119 7229 03