HMRC remains receptive to businesses seeking Time to Pay (TTP) agreements. A TTP allows viable businesses who cannot pay by the due date to make payments over a period they can afford. Arrangements are tailored to the ability of the customer to pay and are typically over a few months.
A TTP for more than one year is rare but we have recently managed to secure a two year TTP recently on behalf of a company that approached us for advice.
A TTP is only considered when all HMRC returns are up to date and HMRC is in receipt of a sensible proposal that shows why payments cannot be made on time, the best payment offer that the company can afford and that as well as paying off arrears that the company can meet all future HMRC liabilities on time.
Getting a good proposal first time is important and we can help to prepare a thorough proposal so all information is included.
Paul
