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Businesses that experience genuine dificulties are
not the target of any of these measures. Instead,
these measures target businesses that will not,
rather than cannot, pay the tax that is due.
HMRC remains committed to helping businesses
which want to pay on time.
For those who are struggling, HMRC may allow
some lexibility, including time to pay arrangements.
Businesses with a poor compliance or payment
record in relation to corporation tax or CIS may
be required to make security deposits, putting
additional pressure on cashlow.
CASH AND DIGITAL PAYMENTS
The review aims to ind out more about removing
barriers to digital payments, to better understand
more about the costs and disincentives in making
digital payments and what role the government can
play in addressing these issues.
The government is using the consultation to
determine how it can ensure cash remains
accessible, especially for those groups who use
cash for legitimate purposes.
Of course, the government is also seeking to
determine what more can be done to clamp down
on the minority who use cash to evade tax or
launder money.
As part of this process, the government wishes
to review large cash transactions and determine
why these are used, plus assess the impact on
businesses of adopting the approach taken by other
countries to limit these transactions. Such impacts
include the consequences for tax compliance.