The Business Payment Support Service (BPSS) announced by the Chancellor in November's Pre-Budget Report provides a fast track service that offers support to businesses needing more time to pay their tax bills. These businesses can quickly agree terms they can afford with HMRC over the phone.
The Right Honourable Stephen Timms, Financial Secretary to the Treasury said: "I'm delighted that HMRC's Business Payment Support Service is proving such a huge success, already providing a cashflow boost worth over a billion pounds to UK businesses.
"This service is delivering the kind of tangible support that business needs at this time. I would urge any business anticipating or experiencing difficulties paying their tax to call the helpline and get a quick response tailored to their specific needs."
