News

Q1 - Q3 2023: Time to Pay Statistics

Funding
Debt Advisory
12
October
2023
at

HMRC have stepped up recovery action in 2023 and our specialist team have assisted struggling businesses by agreeing a record number of Time to Pay arrangements (TTP). The team has agreed 76 TTPs with HMRC from Q1-3; double compared to the previous year.

What we're seeing

  • Debts range from £22k - £3.2m with the majority between £100k - £1m
  • Longer-term arrangements are still possible. Average 33 months on debts under £350k
  • Longest TTP 61-months agreed in June
  • HMRC’s key focus is on ‘large debts’ (>£350k) where they are much more aggressive and restrictive

For any advice HMRC debt management, get in touch with the team on 0161 835 1900 or debt.advisory@leonardcurtis.co.uk.

Share
News
insertpageurl

Feedback Form

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec ultricies consequat.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

News and insights

Read More

The future of EOTs

Legal

26
June
2024
Corporate & Commercial

Get in touch
with Leonard Curtis

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.