Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the potential merits of providing more flexibility to businesses in meeting their repayment requirements to HMRC.
HMRC is working hard to help all taxpayers with temporary cash-flow issues, and to provide them with the support they need.
HMRC’s longstanding Time to Pay policy allows taxpayers in temporary financial difficulty to schedule their tax debts into affordable and sustainable instalment arrangements with no maximum repayment period. These arrangements are flexible and can be amended if circumstances change.
Any taxpayer concerned about their ability to pay should contact HMRC to discuss the support available.