Time to Pay (TTP)
An HMRC arrangement that allows an individual or business to pay overdue tax by agreed instalments where HMRC accepts the proposal.
Also known as: TTP
Related terms
-
Time to Pay arrangement
A payment plan agreed with HMRC for clearing tax arrears over an agreed period based on the taxpayer’s circumstances and ability to pay.
-
Pay As You Earn (PAYE)
The HMRC system under which employers deduct Income Tax and National Insurance from employees’ pay and pass it to HMRC.
-
HMRC enforcement
Steps HMRC can take to recover unpaid tax, ranging from contact and payment arrangements to legal, insolvency or asset-enforcement action.
What’s your next step?
Get in touch with us at Bell & Company today to see how we can help