HMRC’s Talking Points webinar for agents on 12 January 2017 provided a reminder of HMRC’s approach to time to pay (TTP) for self assessment.
HMRC has also announced that it is to launch a new online application process for agreeing TTP for self assessment debts, starting in February.
The main points on agreeing time to pay are:
Further information is available in a Time to Pay Issue briefing and in the Debt Management and Banking Manual
The agent dedicated line for Debt Management is 0300 200 3887.
Launch of an online application process
HMRC is intending to launch an online application process for time to pay. This is expected to start in February 2017 and to be available for amounts due under self assessment on 31 January 2017.
The criteria are:
Disappointingly, the facility will not initially be available to agents but HMRC has indicated that it will consider extending access to agents.