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681,000 UK taxpayers forced to reschedule payments with HMRC

Well over half a million UK individuals and businesses are so far behind on their tax bills that they have been forced to reschedule their payments with HMRC, with the loan charge a factor.

681,000 UK taxpayers forced to reschedule payments with HMRC
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taxpayers forced to reschedule payments

The latest HMRC data covering the period to June this year, analysed by UHY Hacker Young, found that 681,000 people and companies have opted for ‘time to pay’ arrangements which have to be formally agreed with the tax authorities and allow for longer periods to pay tax due.

Read more at the Accountancy Daily

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