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HMRC Time To Pay Payment Plan

Approved Recovery can assist you with the HMRC Time to Pay process and take this burden away from you. Our objective is simple, to help stabilise the company’s financial position by accurately forecasting its future inward and outward cashflows.

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HMRC Time To Pay

If your company has outstanding tax liabilities, then you could be days away from receiving an Enforcement Notice or Bailiffs attending at the company’s trading premises to seize goods. All of which could be catastrophic to the business.

HM Revenue & Customs will consider a company’s proposal to pay its tax arrears over a future period, but this should be addressed at the earliest point. HMRC will need to be satisfied that the company is able to meet the proposed payments as well as the company’s on-going tax liabilities. This agreement or payment plan is known as ‘Time to Pay’ and is an informal arrangement with HMRC.

HMRC will consider payment plans up to a period of 12 months. If agreed with HMRC, a Time to Pay payment plan can provide a company with some breathing space and allow the directors to focus on turning the business around.

Taking the HMRC Time To Pay burden away from you

Our expert team has years of experience in negotiating payment plans with HMRC and can help you get the company back on track.

When considering the proposed plan, HMRC will also consider the company’s compliance position, any previous arrears or Time to Pay plans and whether the business represents a higher risk.

If a payment plan is agreed, a direct debit will need to be setup.

How Approved Recovery can help you

Initial free of charge, no obligation consultation
Register Approved Recovery as an authorised agent with HMRC
We have an immediate discussion with HMRC to understand the position and secure some much-needed breathing space
Review the company’s financial performance and forecasts
Assess affordability
Submit proposed payment plan to HMRC

Our fees

Our fees for this service are charged on a fixed fee case-by-case basis. In a turnaround situation, directors’ duties shift from all stakeholders to creditors. Directors need to be aware of company and insolvency legislation and how these laws impact on both the company and them personally.

Obtaining expert advice from a licensed Insolvency Practitioner is therefore strongly recommended when a company is considering proposing payment plans with its creditors.

Contact us for a free no obligation consultation on 0800 066 2248 or complete our website contact form for call or email back.

Marcus Tout

Insolvency Practitioner

With a passion for delivering exceptional client service, Marcus was eager to start up a firm of Insolvency Practitioners providing liquidations to small companies.

Request a free consultation

Simply complete our contact form and our insolvency specialist will call you back to offer no-obligation advice.

Our Key Services

Approved Recovery specialises in providing Liquidations to small companies nationwide.

Not sure where to start? Please feel free to contact us directly to learn more.

Over 49 years combined small business experience

Speak with a Licensed Insolvency Practitioner

We are a small business dedicated to providing exceptional client service. Contact us today and we will be happy to discuss your needs.

Step 1.

Start with a free, no-obligation call with a Licensed Insolvency Practitioner.

Step 2.

Once you choose to proceed, we prepare all required documents and filings electronically saving you time and keeping costs low.

Step 3.

We manage all statutory steps, communicate with HMRC and creditors, and keep you informed at every stage.

Approved Recovery is rated 5 out of 5 on Google Reviews.

Highly Rated by Our Clients

You can read our insolvency practitioner reviews below, and if you would like to leave us a review please do so on Google here. We value client feedback about our insolvency services.

I approached Approved Recovery during a difficult period for my business and asked them to provide advice and guidance on the most appropriate next steps. Marcus was diligent and candid in his advice and really helped me in my time of need throughout the process. I couldn’t have wished for a better provider.

As a qualified management accountant, it is important that any professional advisors I use or recommend to clients meet the standards I expect.
Approved Recovery Limited are professional, very knowledgeable and provide a personal service. I highly recommend their services.

I decided to appoint Approved Recovery after a consultation with Marcus Tout, a licensed liquidator and the founder of Approved Recovery, during which he calmly explained that a liquidator protects the interests of the creditors (not the shareholders) and described how providing certain types of advise would conflict with those interests. This was vastly different from the ‘conveyor belt’ approach proposed by other liquidation practitioners on the market, and I found it reassuring.

The level of service provided by Approved Recovery was truly outstanding and often cannot be found in even the most prestigious professional services firms. Marcus Tout is extraordinarily knowledgeable, highly professional and very responsive. I was extremely impressed with Approved Recovery, and I would highly and confidently recommend their services to anyone.

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