Time to Pay – Scaled up for Covid 19

Time To Pay Agreements – been around for years for those struggling to make payments on time when there are short term underlying cashflow problems.

The unprecedented times we are currently have led the government to make the TTP far greater and far easier to obtain.

WHO DOES IT APPLY TO?

All businesses (not just certain industries) and self-employed individuals in financial distress and with outstanding tax liabilities.

If you pay tax to the UK government and have outstanding tax liabilities.

HOW TO ACCESS?

Call the dedicated helpline – 0800 0159 559

WHAT IF THEY SAY NO?

It is unlikely HMRC will be saying no at this moment in time.

BUT, HMRC have always had a policy of NOT supporting businesses with long term tax debt issues, it is unknown whether this stance will remain, but if a business has a long term debt issue, being given further time in a rapid downturn is highly unlikely going to result in a business being able to pay. So, we suspect not every request will be met with a yes.

Where you have met a no or where your debt concerns are longer term then you may need to call us or email kevin@lucasjohnson.co.uk or phil.ross@lucasjohnson.co.uk for further assistance.

Call to find your best debt solution
0330 900 2000
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