Help from taxman to weather the storm

PUBLISHED: 09:23 22 January 2009 | UPDATED: 15:58 11 May 2010

BUSINESSES in South Cambridgeshire are being urged to get involved in a new scheme to help them weather the current economic storm. The Business Payment Support Service, run by HM Revenue and Customs, is aimed at companies who are struggling to make their

BUSINESSES in South Cambridgeshire are being urged to get involved in a new scheme to help them weather the current economic storm.

The Business Payment Support Service, run by HM Revenue and Customs, is aimed at companies who are struggling to make their tax payments due to the economic downturn, and are unable to take loans due to the lack of credit on offer from banks.

Cllr Sir Peter Brown, Cambridgeshire County Council Cabinet member for the Economy, Environment and Climate Change, said: "The news we are receiving about Cambridgeshire is that its economy will not be as hard hit as some areas.

"However, we understand that many residents and businesses will feel the impact of the economic downturn, and we want to put measures in place to support them."

The service will view each business on a case-by-case basis, and will look at a variety of temporary measures, including arranging for tax payments to be made over a longer period.

A new advice website has also been launched for Cambridgeshire, which directs people to organisations able to provide advice on a range of financial issues.

It can be found at www.weatherthestorm.org.uk

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