Limited Company accounting fees with a personal account manager for only £118 per month. We'll do your paperwork while you focus on running your business. We operate fixed fees, agreed in advance, ensuring there are never any nasty surprises.
 

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VAT is 42% of deferred business tax

17 June, 2009

Reports are showing that due to cash problems, approximately 141,000 businesses have deferred their tax payments, totalling an amount of £2.5bn.

Value added tax makes up 42% of business taxes deferred under agreements struck with the Business Payment Support Service, the BPSS having been set up by the Chancellor to assist businesses from going under during the recession.

The deferred VAT makes up 1.5% of the total predicted VAT take of £64bn for 2009-10.

Businesses with cash problems can also request a deferral of PAYE and NIC payments and these are normally granted with extensions of approximately 3 to 6 months’ grace.

Limited Company accounting fees for only £148 per month. We do your paperwork, you focus on running your business. Find out more, or contact us today.

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