Spreading your tax payments

If you are having cash flow problems, you can probably arrange to spread your tax payments to suit your business circumstances. 

To see how, go to HMRC's website:  http://www.hmrc.gov.uk/pbr2008/business-payment.htm      

Interest on tax that is paid late is currently charged at 4.5% and is tax deductible for limited companies but is not tax deductible for sole traders or partnerships