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VAT Support


In the wake of the continuing coronavirus crisis, a welcome bit of good news for business owners is that the government has confirmed that all VAT payments for the upcoming quarter have now been temporarily deferred, enabling companies to pay other liabilities – such as suppliers and staff – ahead of HMRC while cash flow is tight.

This does not mean that the VAT bill has been cancelled altogether, but rather the date which this is now due has been extended due to the unprecedented situation businesses are finding themselves in. The VAT deadline has been deferred until 31st December, and all VAT-registered companies are eligible for this extension regardless of the size, sector, or financial position of the business.

60 Second Assessment

How the Process Works

Our team are highly experienced in setting up Time to Pay arrangements for company directors just like you. Here is how the process works:

1. Initial Assessment

Call the Time to Pay Experts who will assess your situation and let you know whether a TTP arrangement is suitable for you and your company.

2. Negotiations

Using the information you provide, we will draw up a suitable payment proposal and present this to HMRC on your behalf. We will remain on hand to handle any contact or negotiations with HMRC throughout.

3. Approval

Once your TTP has been approved we will remain in contact with you throughout its duration to provide any additional help and support your business needs.

Who are the

Time To Pay Experts?

We are an experienced team of business rescue and recovery experts, committed to helping limited company directors and sole traders deal with their HMRC debts.

Benefit of using TTP Arrangement Experts:

Over 30 years’ experience

Strong relationships with HMRC

Support from start to finish

Nationwide coverage

As part of Begbies Traynor Group, we have an extensive network of experienced advisers across the country ready to help you deal with your HMRC debts.

Comprehensive service

From making the initial call to HMRC, through to handling the negotiations on your behalf, your dedicated adviser will be with you every step of the way.

Maximise your chance of success

Thanks to our extensive experience with HMRC we can present your case in the best way possible, greatly increasing your chances of a successful outcome.

More about VAT

The deferral of the upcoming VAT bill is an automatic entitlement available to all VAT-registered companies, meaning there is no application process necessary, nor any need to confirm with HMRC that you would like to take advantage of this scheme.

One important point to consider is that businesses which have an active direct debit set up with HMRC to facilitate the collection of VAT payments will need to make sure this is cancelled if they wise to take advantage of the deferral scheme, otherwise the money owed will be taken from the account as usual.

Therefore if you are struggling solely with VAT payment concerns for the upcoming quarter, you do not need to arrange a TTP at this point. Instead you should use the breathing space offered to ensure you are in a position to pay the outstanding VAT by the end of the year.

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