HMRC's latest comment concerning 'Time to Pay' (TTP) arrangements has stated that TTP will not be available where companies are paying out dividends to their shareholders.
HMRC’s latest comment concerning ‘Time to Pay’ (TTP) arrangements has stated that TTP will not be available where companies are paying out dividends to their shareholders. It is HMRC’s opinion that the cash should be used to pay tax before paying dividends the company can not afford!
HMRC is currently 'considering the release of statistics for Time to Pay (TTP)'. Whilst the review is ongoing it is unable to provide statistical information for the Business Payment Support Service which operates all TTP arrangements.
