Time to Pay Service - HMRC
Dains has already secured several Time To Pay arrangements, including deferral of VAT, PAYE and Corporation Tax payments.
HMRC are generally supportive of Time To Pay applications and are likely to waive interest and penalties on late payments because of the current situation.
Time To Pay gives businesses a time-limited deferral period on HMRC liabilities owed and a pre-agreed time period to pay these back.
HMRC will discuss your specific circumstances to explore including:
- Agreeing an instalment arrangement
- Suspending debt collection proceedings
- Cancelling penalties and interest where you have administrative difficulties
These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities.
We can work with HMRC on your behalf to ensure that an agreement can be reached in advance of payment deadlines.
Take Action Now
Please contact us to discuss the challenges you are facing and the solutions available to you by calling 0845 555 8844 or simply complete our enquiry form. Don’t wait, take advice now, we are here to help you.