Personal Debt
Time to pay

Time to pay

If you are unable to pay your tax liabilities when they fall due, you may be able to negotiate a Time to Pay ("TTP") arrangement with HMRC – which is designed to assist fundamentally viable businesses which are experiencing temporary cash flow issues.

A TTP arrangement is a way of settling arrears of corporation tax, VAT and PAYE over a longer period.

If an arrangement can be agreed it is important that you keep up with the payments otherwise HMRC may call in the total debt and apply penalties.

Currie Young are licensed insolvency practitioners and can help in presenting your case and negotiating on your behalf with HMRC.

01782 394500