08 December 2021 
Andrea Marshall, Tax Specialist
The Government has published a summary of responses to its Call for evidence: timely payment. This considered the timing of payments of corporation tax and income tax liabilities.
BUFDG responded to this consultation in July 2021 - please see our response here.
Respondents to this consultation were concerned about the potential additional administrative burden, the complexity of accurately calculating tax liability in-year and the impact on cashflow (particularly when considering the transition to timely payment, and for those taxpayers with fluctuating or seasonal income).
In response, the government committed that no changes to payment timings will be implemented within this Parliament and reiterated that this is a long-term ambition which will be developed in close collaboration with external stakeholders.
HMRC is therefore going to look further into:
It will carry out further public consultations in the future on any subsequent proposals.
If you have any questions, please contact Andrea.
