Is Time to Pay the only way?

Rapid hands-on support for companies facing cash pressure

Since the introduction of Time to Pay (TTP), the Government has agreed to over £5.1bn of tax deferral requests from around 300,000 businesses. The requirement from 6 April 2010 for an Independent Business Review (IBR) on the majority of tax deferral requests of around £1m or more, marks a concerted effort by HM Revenue & Customs (HMRC) to strengthen its policy and create a level playing field for all companies.

If you are considering an approach to HMRC to defer a tax payment, no matter what size, we can immediately help you assess your position and quickly determine what other options you may have available. We won't conduct an IBR on your business for the sake of it; our business recovery and tax dispute resolution team will work with you to determine whether Time to Pay is the right course of action, and has the best possible chance of success. It may be, for instance, that our operational specialists can instead help to quickly assess and resolve cash flow difficulties both in the short-term and on a sustainable basis.