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"Small businesses will get more time to pay tax" How?

Seaxwyn · 2008-12-27 10:05:01

I'm a sole trader with a whopping tax bill due on 31 January. In the Pre-Budget Report, the Chancellor said something about giving small businesses more time to pay tax. Does anyone know what this means? And whether it applies to sole traders? I was thinking of asking if I could pay my Payments on Account in twelve monthly…

Comments

stphnstevey Posts: 3,227 Forumite

3 January 2009 at 3:58PM

If you have debt at greater than 5.5%, why not do a 'balance transfer' to the Goverment!!!!

Seriously, you would pay more for borrowing, so why not do it that way.

However, if you don't need to borrow, 5.5% extended payment isn't a worthwhile option.

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