FRP Advisory LLP

FRP Advisory - How long will the time to pay door stay open?

News   •   Aug 31, 2010 14:12 BST

Ian Vickers, partner at FRP Advisory LLP, the specialist restructuring, recovery and insolvency firm, analyses the real experiences of companies seeking time to pay (TTP) arrangements versus Government rhetoric, considers what steps businesses should be taking when approaching HM Revenue &Customs (HMRC) and what other funding options are available to owner managed businesses struggling with tax debt.

There has been no shortage of news and speculation recently surrounding the HMRC Business Payment Support Service (BPSS), or time-to-pay (TTP) scheme. The message from Business Secretary, Vince Cable’s team is that nothing has changed, but the reality appears to be very different.

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