DMBM803545 - Time To Pay: agreeing or rejecting Time To Pay: interest

Some content of this manual is being considered for archiving. If there is content you use regularly, please email [email protected] to let us know as soon as possible.

In all cases where TTP is agreed interest (where applicable) will continue to be charged.

This is due to the fact that interest chargeable under the legislation is charged to compensate the exchequer for late payment and to ensure fairness between those taxpayers that pay on time and those who don’t.

If you agree to TTP you should look to include the interest in the arrangement.