Deferment of tax bills will be harder for firms, say tax advisers
Law firms may find it harder to defer their upcoming January tax bill as partners and tax advisers claim the HM Revenue & Customs (HMRC) is making it tougher to defer. A number of law firms argue increased scrutiny from HMRC will make it harder for them to make use of the Business Payment Support Service (BPSS), which was introduced in late 2008 to help prevent businesses from failing during the downturn by allowing them to defer their tax bills.
Law firms may find it harder to defer their upcoming January tax bill as partners and tax advisers claim the HM Revenue & Customs (HMRC) is making it tougher to defer.
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651