HMRC – Time to Pay Arrangement (TTP)
Time To Pay (TTP) arrangements allow HMRC to collect tax in a cost effective way. They allow viable companies who cannot pay liabilities on a specific date to make payments over a period that they can afford.
Most arrangements involve regular monthly payments, however they are individually tailored to the ability of the company to pay and are generally agreed for a maximum period of 12 months.
We can reduce the stress at this difficult time by liaising with HMRC or trade creditors on your behalf and helping to negotiate repayment plans. By seeking help early, your issues may be more easily resolved, and you are more likely to avoid insolvency proceedings.
If you would like further information in respect of this process or require a quote, please contact us.