HMRC have launched a business payment support service to deal with customers who are having difficulty  paying VAT, tax or national insurance payments which are due or becoming due.  If you wish to spread your payments over installments or delay payment you should ring the helpline on 0845 302 1435  ( Open Monday - Friday 8.00am to 8.00 pm, Saturday and Sunday 8.00 am – 4.00 pm. )  Alternatively, please call us for advice on this subject.    For a small fee we will contact the business payment support team and arrange with them a suitable payment plan.
Further details are available here: http://www.hmrc.gov.uk/pbr2008/business-payment.htm Please note that if you have already been contacted about an overdue payment you should contact the office that originally contacted you to avoid legal action.

CIS – Construction Industry Scheme

Where contractors have a CIS gross payment status they should ensure that all returns are made on time and all taxes are paid by due dates as we know that HMRC are actively removing gross status from all contractors who fail to comply.  As I am sure you will appreciate the impact on cashflow of losing a gross payment status can be catastrophic to the business.

Posted on 10 Jan 2009