PBR: Small business tax help details released

The HM Revenue & Customs (HMRC) option, available to companies hit by the severe market conditions, will allow firms to negotiate payment options to meet tax, National Insurance (NI) or other payments owed to it. Chancellor Alistair Darling today says the arrangement would enable firms facing difficulties "to spread their tax on a timetable they can afford, and not for six months but for as long as they need". The deal was announced as part of a package of measures Darling says will help small and medium sized businesses to the tune of £7bn. HMRC says businesses should contact it as s...