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.
For more information on an IVA, we offer an initial free consultation to review the situation and make recommendations on the best way forward. If we think that an IVA is the best route forward, our specialists can support you at every step of the way through the process. For a no-obligatory chat, complete the form opposite, include a best time for us to call you and a Partner will be in touch.
Alternatively, book a convenient time for us to contact you