CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. FSB Urges HMRC To Make PAYE Incentive Payments On Time

FSB Urges HMRC To Make PAYE Incentive Payments On Time

by Jason Gorringe, Tax-News.com, London

31 August 2007


The UK's Federation of Small Businesses (FSB) on Friday called for HM Revenue & Customs (HMRC) to issue much-needed cheques on time to around 130,000 small businesses. The payments of GBP150 are incentives for filing annual PAYE returns online.

The call followed reports that HMRC had admitted it could take until December to issue the cheques.

The scheme, introduced in 2004, was meant to encourage small businesses to file PAYE online.

Bill Knox, FSB National Taxation Chairman, observed that:

“It is a very different scenario when the HMRC are owed money from small businesses – there is little room for a small business owner to tell the taxman, ‘actually, it will take about four months to pay you because we’ve just been too busy."

“What we are saying is don’t wave a carrot to small businesses if it’s going to be left in the air for months. The financial incentive may not be a substantial amount to larger businesses but is vital to smaller ones, and waiting over a quarter of a year for it is too long a time."

He concluded:

“The Government quite rightly disapproves of late payment of both tax demands and monies between businesses. HMRC, as an arm of the Government, should set an example and pay within thirty days.”


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »