The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
A time to pay arrangement is a negotiated agreement between HMRC and the taxpayer to allow for tax to be paid after its due date.
•Payment of corporation tax
If a taxpayer becomes aware that they will not be able to pay their tax liability by the due date, then they, or their appointed agent, may be able to negotiate a time to pay arrangement with HMRC. Anecdotal experience from practitioners indicates that the ease with which a time to pay arrangement is agreed can vary, with some arrangements being agreed with little or no questioning, and some taking significantly more negotiation. The amount of tax at stake and the taxpayer’s previous payment history can influence this. A taxpayer with a history of delinquency is less likely to be able to secure an agreement.
HMRC guidance on time to pay arrangements can be found in their manuals from DMBM80000 onwards.
Can the taxpayer pay?
•have the means to pay other tax liab
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