Online Time to Pay for VAT now available for some businesses

As of 31 May 2023 certain businesses can now set up a VAT payment plan online. Payment plans are also known as time to pay (TTP) agreements.

Which businesses are eligible?

A VAT-registered business can set up its VAT payment plan online if it meets the following criteria:

  • It has filed its latest VAT return;
  • the amount owed is £20,000 or less;
  • it is within 28 days of the payment deadline;
  • it does not have any other payment plans or debts with HMRC; and
  • it plans to pay off its debt within the next six months.

Which businesses are not eligible?

Businesses which are not eligible to use the online service include businesses that use the VAT cash accounting or annual accounting schemes. Also, businesses that make VAT payments on account cannot set up a payment plan online.

Businesses which are not eligible to use the online TTP service should contact HMRC if they need to agree a payment plan.

If you cannot pay your tax bill on time you can find all the details of what to do on the government website  here and if you need our help get in touch. We are  We have significant experience of liaising with HMRC on behalf of business owners, and if required, we can assist businesses negotiate TTP arrangements.


This article is for general guidance only. It provides an outline, and may not include points which are important to your situation. You should not depend on this blog without taking advice based on the full facts of your case. The information given was correct at the time of publication.

DID YOU FIND THIS USEFUL?

Share it with your network:  

Want more great content?
Sign up to our newsletter

    Follow us

    Tweets by @CHW-accounting

    CHW-Accounting
    @chw-accounting


    Twitter: chw_accounting

    WHAT'S THE NEWS?

    Grab a biscuit and a brew and read our latest news.

    29 May 2024

    VAT bank details fraud

    by

    Reports have been circulating in recent weeks that taxpayers’ bank account details are being altered on the HMRC portal without their consent or knowledge. This in…


    Read more >

    1 May 2024

    Where VAT is concerned, size does matter – for...

    by

    HMRC has recently lost a long running case over the VAT status of giant marshmallows with the Upper Tribunal ruling that they are not confectionery! Innovative…


    Read more >

    1 May 2024

    HMRC phone lines remain open but waits get even...

    by

    Last month, HMRC announced that its self-assessment phoneline will close between April and September every year following a trial of the move in 2023. Less than…


    Read more >

    1 May 2024

    Tax relief on travel expenses if you are working...

    by

    HMRC has had clarified it’s rules on when tax relief is available on travel expenses for employees who work from home. With the growth of flexible…


    Read more >

    1 May 2024

    Check your State Pension forecast with new online tool

    by

    Anyone with gaps in their national insurance payments dating back to 2006 can now check online to see if they need to make additional contributions. The…


    Read more >

    YOUR CHALLENGES

    No matter what your challenge is, we’ve probably dealt with it before.



    Need an Accountant?

    Get in touch >


    Need an Accountant?

    Get in touch >


    Tax issues?

    Find out more >


    Tax issues?

    Find out more >


    Trying to grow your business?

    We can help >


    Trying to grow your business?

    We can help >


    Managing cashflow?

    We can help >


    Managing cashflow?

    We can help >


    Starting a business?

    We can help >


    Starting a business?

    We can help >


    Looking for funding?

    Need help with funding? >


    Looking for funding?

    Need help with funding? >


    Buying or selling a business?

    We can help >


    Buying or selling a business?

    We can help >


    Adopt the cloud?

    We can help >


    Adopt the cloud?

    We can help >


    What else can we do for you?

    We can help >


    What else can we do for you?

    We can help >
    CONTACT US

    Get in touch, no hard sell, just a brew, a biscuit and a chat.