Early day motion tabled by primary sponsor Ian Taylor (Conservative), on Wednesday, 4 February 2009, in the House of Commons. It is signed by 41 members in total.

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PENALTIES FOR LATE PAYMENT OF VALUE ADDED TAX

That this House recognises the problems facing small and medium-sized businesses and their employees in the current economic downturn; is concerned at the difficulties in obtaining loans and refinancing from banks; calls on the Government to recognise that the imposition of penalties for late payment of value added tax by HM Revenue and Customs (HMRC) can cause businesses to fail; and further calls on the Government to issue guidelines to HMRC to assess the impact of such penalty payments on the business and, where necessary, agree a phased payment plan to prevent bankruptcy and loss of jobs.

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Secondary information

Type

Early day motion

Reference

693 

Session

2008-09

Other sponsors

Peter Bottomley

Lynne Jones

Jeremy Corbyn

David Drew

Mike Weir

Subjects

Taxation

Link

View this Early day motion on www.parliament.uk