HMRC Debt Management - Time to Pay arrangements

Whether you reach the end of a dispute, enquiry, investigation with HMRC and/or have historic (self-assessed / established) liabilities, then you may find that you don't have all the funds available to clear those debts immediately. That's where an HMRC Time to Pay arrangement helps; paying in instalments and managing HMRC's expectations skill-fully using financial data about forecasts about incomings, outgoings and one-off events. A formal agreement can be reached, which helps manage/stop ongoing penalties for payment failures.