HMRC fast track time to pay scheme

Posted on November 3, 2009 by Steve Smith

As you are probably aware, the HMRC Business Payment Support Service is responsible for running the Time to Pay Scheme to assist businesses with temporary cash flow difficulties. It is rumoured that the fast track service may be closed by the end of this year, although there is no suggestion that the Time To Pay scheme is due to be scrapped altogether.

On speaking direct to the BPSS they have advised that their service was only a temporary line and they were unable to advise for how much longer they would remain open.

If I receive any further information on this matter I will advise accordingly.

Steve Smith is a Restructuring & Insolvency partner at Mercer & Hole. The views given in this blog are personal to the author, if you would like to discuss the contents of this post with Steve you can call him on 01727 869141.

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