Thursday 4 November 2010

Insolvency News reports on HM Revenue and Customs 'Time to Pay'

“HM Revenue and Customs has finally revealed just how many Time to Pay arrangements have been granted to struggling businesses since the start of the recession. The official figures show that a whopping 371,200 agreements, worth £6.8bn, have been agreed. Critics of the scheme have said that whilst it has prevented an Armageddon, it is simply delaying the inevitable wave of collapses that will occur once the measure is withdrawn – the very definition of the “extend and pretend” catchphrase.” 
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