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.
Related terms
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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.
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Tax assessment
A formal calculation or determination of tax due, made by the taxpayer, HMRC or another tax authority depending on the tax and circumstances.
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Income Tax
Tax charged on taxable income received by individuals and certain other taxpayers in the UK.
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