Time to Pay allows viable customers who cannot pay on the due date to make payment(s) over a period that they can afford. Arrangements are tailored to the ability of the customer to pay and typically last a few months. This period can be longer, and in exceptional circumstances can be more than 12 months, but such arrangements are indeed exceptional.
This guide explores the reasons for Time to Pay, how the process works, and what can go wrong. It looks in particular at the pitfalls of failing to adhere to a Time to Pay arrangement and accrue for future liabilities, and the advantages of seeking professional help early.