Facing HMRC debt? Help secure your business's future with a Time to Pay Arrangement
Protect your business from financial pressure. Expert guidance on HMRC Time to Pay Arrangements.
Is your business struggling with HMRC debt?
The current economic climate, coupled with rising costs and uncertainty, can place significant financial strain on businesses. If you have a fundamentally viable business but you’re facing mounting HMRC liabilities such as VAT or PAYE, a Time to Pay (TTP) arrangement could be the lifeline your business needs.
What is a Time to Pay Arrangement?
A TTP is a formal agreement with HMRC to repay outstanding tax debts over an agreed period. This provides vital breathing space, allowing viable businesses to regain financial stability.
HMRC Time to Pay Arrangements key questions answered:
What debts can be included?
All HMRC debts, including VAT, PAYE, interest, and penalties.
Can I set up a TTP online?
Yes, for smaller debts (under £100,000) meeting specific criteria.
How long is a TTP?
Typically 12 months or less, but longer arrangements are possible in certain cases.
What information does HMRC require?
Up-to-date accounts, forecasts, and detailed documentation for larger debts.
How do I negotiate with HMRC?
We provide expert guidance on crafting realistic, affordable, and successful proposals.
Can HMRC withdraw a TTP?
Yes, in cases of misrepresentation, default, or new information.
Why Choose Armstrong Watson to assist with Your TTP Arrangement?
Don't Face HMRC alone
Our specialist team at Armstrong Watson can guide you through every step of the TTP process. We'll help you prepare a strong and realistic proposal and work with you to help your business succeed.