HMRC responds to fears over delays

News Article - 24 May 2012
Category:

A significant number of small businesses are still waiting to receive the incentive offered for filing their tax returns online, it has been claimed.

According to Accountancy Age, thousands of small company owners may have to wait until December to receive the £150 incentive they were promised.

However, a spokesman for HM Revenue & Customs (HMRC) said that fewer than ten per cent of the 1.3 million organisations who were eligible for the incentive have yet to receive theirs.

"Despite the current temporary delays, most cheques will be issued more quickly than they were last year and most employers will receive their payments before December," he remarked.

HMRC was recently criticised for a backlog in VAT registrations by the Institute of Chartered Accountants in England and Wales (ICAEW), the Telegraph reports.

The ICAEW called upon the department to offer compensation to organisations affected by the delays.

Article keywords:

---

More industry news

• Think tank warns UK may have already slipped back into recession
• Growing demand for HR staff in technology and international sectors
• Boosting business growth a ‘priority’ to avoid Eurozone slowdown
• HMRC launches alternative disputes pilot scheme this week
• December employment statistics disregard gloomy recruitment predictions
• Eurozone manufacturing PMI shows modest improvement
• UK scores highly for economic governance by ratings agency
• Government launches two-year project focusing on manufacturing sector
• Burden of regulation on UK businesses ‘too high’

Back to news home page »