Falling behind with VAT, PAYE or Corporation Tax can be one of the most stressful situations a company director faces. The good news is that if your business is experiencing temporary cash flow difficulties, HM Revenue & Customs (HMRC) may agree to a Time to Pay (TTP) Arrangement.
A Time to Pay Arrangement allows your business to repay outstanding tax debts over an agreed period, rather than in one lump sum. While approval is never guaranteed, many businesses successfully negotiate payment plans that give them valuable breathing space to recover.
At Parker Walsh, we help directors assess whether a Time to Pay Arrangement is likely to be accepted and, where appropriate, support negotiations with HMRC.
Use our Time to Pay Arrangement Checker to receive an instant indication of whether your business may be suitable for a Time to Pay Arrangement.
Every assessment submitted through our calculators is personally reviewed by Molly Monks, Licensed Insolvency Practitioner and Director of Parker Walsh. With more than 20 years' experience advising company directors across the UK, Molly takes the time to understand your individual circumstances before providing clear, practical guidance on the options available to you.
Molly is a Fellow of the Insolvency Practitioners Association (F.I.P.A.) - one of the highest professional distinctions within the insolvency industry and is also a member of the Regulatory, External Affairs and Member Services Committee at the Insolvency Practitioners Association, helping to shape professional standards and best practice across the UK
As a recognised insolvency expert, Molly is regularly featured in the national press, providing commentary and analysis for publications including the Daily Mail, The Sun, Liverpool Echo, Manchester Evening News, MSN, Daily Express and many other national and regional media outlets. Journalists frequently turn to her for expert insight into company insolvency, business recovery, retail failures and the wider UK economy
If you'd prefer to discuss your situation directly, you can use the booking form to arrange a free, confidential consultation with Molly at a time that suits you. There's no obligation, just straightforward advice from a Licensed Insolvency Practitioner who will explain your options clearly and honestly.
A Time to Pay Arrangement is an agreement between your business and HMRC that allows outstanding tax liabilities to be paid in monthly instalments instead of immediately.
It is designed for businesses that:
HMRC considers each application individually. They will look at whether your business remains viable and whether the proposed repayment plan is affordable.
A Time to Pay Arrangement may be available for:
For limited companies, the most common arrangements involve VAT, PAYE and Corporation Tax debts.
Time to Pay Arrangements are suitable for businesses experiencing short-term financial pressure, rather than businesses that are no longer viable.
You may be eligible if:
The earlier you seek advice, the more options are usually available.
Every agreement is different. Many arrangements last between 6 and 12 months, although longer repayment periods can sometimes be agreed where supported by detailed financial evidence and where doing so offers HMRC a better outcome than formal insolvency.
Absolutely. Negotiating with HMRC can be daunting, particularly when significant tax arrears have built up.
In some situations, a Time to Pay Arrangement may not be the best solution. We will always explain the alternatives clearly, including company rescue, restructuring or formal insolvency procedures where appropriate.
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