50,000 small firms close every year due to late payments.

The loans are part of the £280bn support package.

Around £1.8bn is expected to be paid out in claims.

Govt. should 'extend relief for the whole of 2021'.

Over 25,000 taxpayers rush to spread payments.

Charge cap will remain unchanged at 0.75%.

Changes are set to take effect from April 2021.

HMRC said the decision is not a blanket waiving of penalties.

14% expect to reduce headcount in the next three months.

45% of self-assessment taxpayers yet to file.