Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Too good to be true?

MIKE TRUMAN looks at the new Time to Pay arrangements and gets some interesting answers from STEPHEN BANYARD, director of HMRC’s Business Customer Unit


  • Time to Pay is only available to viable businesses.
  • If adhered to Time to Pay will not count as a VAT default.
  • Gross payment status should not be lost although letters may be sent automatically.
  • Do not wait until 31 January.

One of the less-heralded but very welcome announcements in the Pre-Budget Report was that businesses would be given ‘as much time as they needed’ to pay their tax liabilities if they approached and asked for it.

The only significant exception given in the announcement was if the business was not viable in any case. All taxes were covered including PAYE and VAT liabilities as well as taxes on profits.

In general Taxation has heard very little from readers yet about the operation of this policy known as the Business Payment...

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon