Time to Pay
A Time To Pay (TTP) arrangement is a debt repayment plan relating to your outstanding taxes with HMRC; usually VAT, PAYE, NI and Corporation Tax.
When businesses ask HMRC for extra time to pay, depending on your circumstances, HMRC will usually agree to a payment plan over a period not exceeding 12 months.
HMRC will support businesses that are financially viable but experiencing temporary cash flow problems. If you have historically had a good payment record and file your returns on time, HMRC will consider you for a TTP plan.