Business Payment Support Service

Treasury

Written answers and statements, 3 November 2009

All Written Answers on 3 Nov 2009 Next answer » « Previous answer


Photo of Don Touhig

Don Touhig (Islwyn, Labour)

To ask the Chancellor of the Exchequer what assessment he has made of the effect on small businesses of the operation of the business payment support service.

Photo of Stephen Timms

Stephen Timms (Financial Secretary, HM Treasury; East Ham, Labour)

Since its introduction on 24 November 2008 the Business Payment Support Service has agreed over 220,300 time to pay arrangements with businesses to spread tax payments of about £3.9 billion. This has helped to support more than 150,000 businesses, the vast majority of whom are small and medium sized, that employ an estimated 600,000 people. Just over 90 per cent. by value of the payments due under time to pay arrangements are being paid on time.

While we have made no formal assessment of the effect on small businesses, businesses tell us that they have found the service very helpful by giving them the breathing space they need and by helping them pay their tax bills in a managed and structured way with the full help and support of HMRC.

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