News story: Practical support for businesses affected by Carillion liquidation

The government understands that many businesses that were contracted to Carillion will be concerned about their ability to pay their tax. As part of its ongoing commitment to delivering support for businesses, HMRC will provide practical advice and guidance to those affected through its Business Payment Support Service (BPSS).

The BPSS connects businesses with HMRC staff who can offer practical help and advice on a wide range of tax problems, providing a fast and sympathetic route to agreeing the best way forward and addressing immediate concerns with practical solutions.

The BPSS can:

  • agree instalment arrangements if you’re unable to pay your tax on time following the Carillion collapse
  • suspend any debt collection proceedings
  • review penalties for missing statutory deadlines
  • reduce any payments on account
  • agree to defer payments due to short-term cash flow difficulties

HMRC can also provide workers and their families with cash support through the tax credits system – details are on our website. Most importantly, if you’re worried about paying your tax, please talk to us because we’re here to help.

Further Information

  1. Our dedicated BPSS is available to any business struggling to make their tax payments as a result of economic conditions.
  2. The service is open 7 days a week between 8am and 8pm on weekdays, closing at 4pm on Saturday and Sunday: 0300 200 3835.
  3. For more information on the support available, please see the BPSS webpages.
  4. Follow HMRC’s press office on Twitter @HMRCpressoffice.
  5. See HMRC’s Flickr channel.

Source: HMRC

Four foolproof steps to writing a winning award submission

It’s the night you’ve all been waiting for. You’re dressed to impressed with a table of your colleagues, enjoying fancy food and treating yourselves to bottles of fizz. The anticipation is building as the awards ceremony begins. You’re surrounded by industry peers who are all anxious to get their hands on a gong or two.

The post Four foolproof steps to writing a winning award submission appeared first on Small Business.

Source: SmallBizUK

Policy paper: Corporation Tax: changes to simplified arrangements for group relief

The rules for relief for carried-forward losses changed from 1 April 2017. Losses that arise after 1 April 2017 that are carried forward may now be surrendered as group relief for carried-forward losses (CTA10/PART5A). The legislation that allows companies to enter into simplified arrangements for group relief has been amended so that simplified arrangements can now be used for claims to group relief for carried-forward losses.

The legislation has been published at Statutory Instrument 2018 No 9 – The Corporation Tax (Simplified Arrangements for Group Relief) (Amendment) Regulations 2018.

Source: HMRC

Guidance: Bicycles imported from Tunisia (Anti-Dumping Duty 2259)

Anti-Dumping Duty is an Import Duty charged in addition to normal Customs Duty and is applied across the whole EU. It is designed to allow the EU to take action against goods that are sold at less than their normal value – that being defined as the price for ‘like goods’ sold in the exporter’s home market.

Source: HMRC