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Time To Pay Arrangement

Debt has an immediate effect on a company’s cash flow so HMRC payments can end up getting pushed down a company’s list of priorities. Bills such as wages and rent payments often seem more urgent, and consequently falling behind on payments to the HMRC can happen. This is potentially extremely dangerous for a business and a Time To Pay Arrangement is a way to avoid this risk. At Hudson Weir, we specialise in negotiating long-term payment arrangements with HMRC, helping businesses and individuals effectively navigate their tax obligations.

Why Choose Hudson Weir?

A way to avoid risk of falling behind on payments to HMRC
Liabilities spread over 6-12 months (with extension possible)
Shows HMRC intent to pay tax, making legal action less likely
We can help you gather the evidence to back up your claims
Our practitioners are experienced in negotiations with HMRC
Fully qualified IPs, Chartered Tax Advisers and Accountants

Get a Free No-Obligation Consultation

HMRC Time to Pay Plan Service

At Hudson Weir, we specialise in negotiating long-term payment arrangements with HMRC, helping businesses and individuals effectively navigate their tax obligations.

The Current Landscape

With HMRC resuming efforts to collect arrears for VAT, PAYE, Corporation Tax, and Self Assessment, it is crucial to act proactively. If you receive inquiries where establishing a payment plan could be more advantageous than pursuing an insolvency process, please get in touch. We are here to discuss how we can assist you.

If your business is facing difficulties with tax payments, do not hesitate to reach out. Our expert team at Hudson Weir is here to help you regain control of your financial situation and pave the way for a brighter future.

Contact us today to learn more about how our HMRC Time to Pay Plan services can benefit your business.

What We Offer

In-House Legal Expertise: Our experienced in-house lawyers are dedicated to preparing tailored Time to Pay plans that align with your business needs. We simplify the negotiation process, ensuring your application is robust and compliant.
Personalised Advisory Services: Our advisers work closely with you to assess your financial situation and develop a sustainable payment strategy. We are committed to guiding you through every step, providing the support you need to overcome financial challenges.

Why Choose Hudson Weir?

Expert Negotiation: With extensive experience in dealing with HMRC, we know how to present your case effectively, increasing the likelihood of securing a favourable arrangement.
Tailored Solutions: Every business is unique. We take the time to understand your specific circumstances and craft a plan that works for you.
Ongoing Support: Our commitment does not end once the plan is in place. We provide continuous support to help you manage your obligations and keep your business on track.

What is a Time To Pay Arrangement?

Time To Pay Arrangements were introduced in 2008 to help companies handle their HMRC tax better by offering the option to pay in instalments.

Liabilities are spread out over a period of 6-12 months (exceptions can be made for this to be longer).

This should improve cash flow and make critical payments such as wage and rent more bearable.

A Time To Pay Arrangement also shows HMRC that you are serious about paying your tax, making it less likely they will try to take legal action against the company.

Today, with HMRC resuming efforts to collect arrears for VAT, PAYE, Corporation Tax, and Self Assessment, it is crucial to act proactively. If you receive inquiries where establishing a payment plan could be more advantageous than pursuing an insolvency process, please get in touch. We are here to discuss how we can assist you.

How does a Time To Pay Arrangement work?

A repayment proposal is drawn up and sent to HMRC, giving details about the company’s circumstances and information about when payments can realistically be paid.

It’s worth getting in touch with Hudson Weir as soon as you’re at the stage of considering a Time To Pay Arrangement. Then we can help you write a perfect and professional proposal.

Having us involved from an early stage will also help our experienced consultants evaluate the proceedings with greater accuracy.

The company will then be called into the HMRC tax office to compose a structured payment plan.

Before acceptance, HMRC must be convinced you will stick to the proposed payment structure.

The intervals at which the business pays and the amounts to be paid must be backed up with evidence explaining why they are appropriate.

Once agreed to, the Time To Pay Arrangement will take place over a specified time, concluding once all repayments and tax arrears are repaid.

What if the proposal is refused?

A proposal is likely to be refused if HMRC do not believe it will be repaid or believe it can be paid in a single instalment.

This is why it is important you use Hudson Weir consultants to help you draw up a Statement of Affairs and other such documents to provide evidence that backs up your claims.

If the proposal has been refused already, then a Company Voluntary Arrangement may be the next step.

Otherwise there may be other options available, on which Hudson Weir can advise.

What if I miss Time To Pay Arrangement instalments?

Missing repayments is problematic. HMRC may seek legal action against your company because you have failed to comply with the agreed plan.

If you realise you are going to miss any payments please contact Hudson Weir immediately.

We cannot stress enough how important this is – our professional practitioners are experienced in Time To Pay Arrangement negotiations with HMRC and we could make a huge difference to the outcome of the result.

We will work with you to restructure your plan and look to gain HMRC approval, helping you negotiate your way out of that hot water!

Contact us today to learn more about how our HMRC Time to Pay Plan services can benefit your business.

We will sit next to you at the table and stand by you.

If you are thinking about a Time To Pay Arrangement, all you need to do is get in touch with Hudson Weir.

Call us on 020 7099 6086 or 020 7099 6626 (8 am to 9 pm)

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Hudson Weir are an established firm of Insolvency Practitioners who specialise in business recovery and corporate financial solutions.

Hudson Weir provides industry leading, nationwide services for its clients with the intention of easing financial pressures and providing recovery strategies for struggling businesses.

Hudson Weir Ltd (Company number 09477593) is a company registered in England and Wales.

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Time To Pay Arrangement

Why Choose Hudson Weir?

Get a Free No-Obligation Consultation

HMRC Time to Pay Plan Service

The Current Landscape

What We Offer

Why Choose Hudson Weir?

What is a Time To Pay Arrangement?

How does a Time To Pay Arrangement work?

What if the proposal is refused?

What if I miss Time To Pay Arrangement instalments?

Hasib Howlader

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