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To ask Her Majesty's Government how many businesses in each of the last five years have entered a formal insolvency procedure after having been granted a Time to Pay agreement under the Business Payment Support Scheme.
To ask Her Majesty's Government how much money remains outstanding under the Business Payment Support Scheme.
To ask Her Majesty's Government how many arrangements under the Business Payment Support Scheme are (a) repeat deferrals (cases in which a company asks for an agreement and, once they have repaid the amount, subsequently ask for another agreement), and (b) renegotiated deferrals (cases in which a company is granted an agreement but cannot repay the amount owed in the originally intended time period, so is granted a deadline extension); and how much tax that amounts to.
The Business Payment Support Scheme (BPSS) began in November 2008. The information requested regarding the number of businesses in each of the past five years which have entered a formal insolvency procedure after having been granted a time to pay agreement under the BPSS is not available and could only be provided at disproportionate cost.
At the end of December 2010 it is estimated that around £970 million agreed by the Business BPSS is still due for payment.
The amount still outstanding for payment comprises two elements: amounts still due for payment in the future in accordance with agreed payment schedules (around £320 million) and amounts which have not been paid as initially agreed (around £650 million).
Those arrangements which have not been paid in accordance with their schedules will have undergone standard HM Revenue and Customs recovery and enforcement action and this will involve further recoveries but it is not possible to separately identify these as being related to earlier time to pay agreements.
The information regarding the number of repeat and renegotiated referrals, and the amount of tax that amounts to, is also not available.