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
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For any advice HMRC debt management, get in touch with the team on 0161 835 1900 or debt.advisory@leonardcurtis.co.uk.
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LCBSG Limited Registered in England No. 09209265 Registered office: Riverside House, Irwell Street, Manchester M3 5EN
Reach Commercial Finance Limited. Registered in England no 09056450. Leonard Curtis is a trading style of Reach Commercial Finance Limited. Leonard Curtis is a broker not a lender and is independent with access to the whole of market. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. Authorised and regulated by the Financial Conduct Authority FCA no. 753686. Registered with the Information Commissioner’s Office reference ZA069234
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.
Reach Commercial Finance Limited. Registered in England no 09056450. Leonard Curtis is a trading style of Reach Commercial Finance Limited. Leonard Curtis is a broker not a lender and is independent with access to the whole of market. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. Authorised and regulated by the Financial Conduct Authority FCA no. 753686. Registered with the Information Commissioner’s Office reference ZA069234
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.