Time to Pay Arrangements - Mandatory Direct Debit

Where a taxpayer has difficulty paying their tax liabilities HMRC may agree 'time to pay arrangements' whereby the taxpayer agrees to pay off the amount owing by instalments after the due date.

Where a taxpayer has difficulty paying their tax liabilities HMRC may agree 'time to pay arrangements' whereby the taxpayer agrees to pay off the amount owing by instalments after the due date. These arrangements are only entered into where the taxpayer is genuinely unable to pay by the due date and is able to commit to agreed payments to bring their tax up to date.

HMRC have announced that where time to pay arrangements are agreed the payments will need to be made by Direct Debit.  This has always been HMRC's preferred method of collection but this became mandatory from 3 August 2015.

However, HMRC do state that:

'We recognise that there will be exceptional circumstances where a customer is unable to set up a direct debit, perhaps because their bank account will not allow it. In such cases payment by other methods may be agreed.'

Internet link: GOV.UK blog

Any reference to a partner is to a member of the Limited Liability Partnership. A list of the partners is available for inspection at the registered office.
Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by The Institute of Chartered Accountants of Scotland.
Details about our audit registration can be viewed at www.auditregister.org.uk for the UK, under reference number 4235.


Get in touch

Why not drop us a line or fill in our very quick enquiry form

Address

AC Partners LLP, 869 High Road, North Finchley, London N12 8QA

Phone

0208 446 4200

Email

info@ac-partners.co.uk

Follow us
Image Captcha
Enter the number above

Home | About us | Contact us | Site map | Attribution | Accessibility | Disclaimer | Privacy Notice | Help |

© 2024 AC Partners LLP. All rights reserved. powered by totalSOLUTION

We use cookies on this website.