The number of new ‘time to pay’ arrangements agreed by HMRC fell by 43% over the last year, according to new figures.
The new ‘time to pay’ arrangements agreed by HMRC fell from 57,800 in Q1 2010 to just 32,900 in Q1 2011. The combined value of the tax payments deferred dropped by 40% from £890m in Q1 2010 to just £530m in Q1 2011.