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Businesses

House of Lords written question – answered on 20th July 2011.

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Photo of Lord Teverson Lord Teverson Chair, EU Sub-Committee C - Foreign Affairs, Defence and Development Policy

To ask Her Majesty's Government what steps they are taking to enable viable firms to remain in business during the collection of revenues from the small and medium-sized business sector from HM Revenue and Customs.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

HMRC's Business Payment Support Service (BPSS) aims to provide a high-profile and fast-track gateway into the decision-making process for businesses seeking time to pay (TTP) and to give quick decisions in the simpler and lower risk cases. Between its launch in November 2008 and the end of March 2011, some 428,800 arrangements were granted through the BPSS, involving £7.37 billion of tax. £6.31 billion has already been paid to HMRC from mature arrangements. Its launch did not, and does not, affect HMRC's underlying policy or approach to TTP, which has not changed.

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