|
Nick Haggitt, director of IGF Invoice Finance, comments on HMRC changes to Time to Pay arrangements |
![]() |
![]() |
![]() |
Friday, 07 August 2015 | |
“HMRC’s changes to the Time To Pay (TTP) arrangement, which come in to force this week, may impact small businesses who already struggle financially. By switching payment collection to Direct Debit, these organisations will be required to have enough funds in their account on exactly the right day to deliver the payments required, or face further penalties from HMRC. “The very nature of TTP is to aid businesses that have previously fallen into arrears with their HMRC payments, allowing them to catch up on monies owed, in a more manageable way. Many of these same companies often suffer from a lumpy cashflow , so appropriate preparations must therefore be made for this new system. |
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP
Registered in England No: 05483197