The Observer, citing figures released to the paper, reported yesterday that 141,000 tax rescheduling agreements have been reached with the HMRC in the past six months.
The Business Payment Support Service (BPSS), which enables the renegotiation of outstanding tax was an initiative launched in the pre-budget report last Novemeber.
According to the paper, the total delayed tax could reach £5bn, as there is currently no limit on the scheme.
The BPSS scheme was extended in the Budget to include anticipated losses as part of any negotiations in delaying tax repayments.
Hard-hit businesses 'deferring 2.5bn' in tax payments
UK small businesses have delayed the payment of almost 2.5bn as they struggle to survive the recession, it has been reported.
