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Overdue CT payments hit £1.59bn

The total value of corporation tax payments in arrears has hit £1.59bn this year, up from £1.52bn at the same point a year ago, despite an improving economic climate, said finance provider LDF.

The total value of corporation tax payments in arrears has hit £1.59bn this year up from £1.52bn at the same point a year ago despite an improving economic climate said finance provider LDF. Research also indicates that the value of VAT payments in arrears has also risen reaching £2.58bn for FY 2015 up from £2.55bn the year before.

Peter Alderson LDF managing director commented his company had seen ‘a growing trend in businesses considering finance to cover corporation tax bills’ adding: ‘Companies need to keep careful track of capital expenditure ensuring it is timed and structured to allow the maximum amount to be claimed back. It is also...

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