In this blog, we are going to discuss – HMRC Time to Pay Arrangement Debt Plan. HMRC Time to Pay (TTP) arrangement would allow struggling businesses to repay their outstanding corporation tax, PAYE/ NI, VAT and other HMRC liabilities in installments, rather than in one go. Usually, Time to pay arrangements last either 6 or …
A basic principle of a limited company is that the Directors are not responsible for the company debts. However, in small to medium-sized companies it may not be that easy to keep your business debt and personal debt liability separate. Your debt liability can affect your company’s credit health as well, especially if you are …
Mr & Mrs Khan were on a Debt Management Plan for around 6 years before they finally cleared their debts in March 2018. This happened due to losses in their own business. They tried to inject personal capital, borrowed from their credit cards and loans to support their dying business. Their business eventually went down …