Jennifer Adams examines the new online method of applying for a ‘time to pay’ arrangement.
One success story to come out of HMRC is the ‘time to pay’ (TTP) arrangement. Set up in 2018, HMRC statistics show that over 90% of TTP arrangements are completed successfully, and by the end of November 2024, more than 15,000 self-assessment customers had set up a TTP payment plan for the 2023/24 tax year.
What is a TTP arrangement?
TTP is a service designed to help taxpayers who are struggling to pay their taxes, rather than for those who may be able to pay their tax bill but want more time to do so. It allows taxpayers to spread their tax payments over a period of time (usually 12 months) rather than paying the full amount in one go.
A TTP arrangement can cover all outstanding amounts, including penalties and interest, but is typically only
