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HMRC Rolls Out Self-Serve Time-To-Pay For VAT

There are rules though ...


Posted by Roger Eddowes on 12/06/2023 @ 8:00AM

As of the 31st of May 2023, HMRC has initiated a self-service Time-to-Pay plan for VAT-registered businesses owing less than £20,000 of VAT. These online payment plans allow eligible businesses to manage their VAT payments in a structured manner ...

You should always speak to your accountant before contacting HMRC directly.!

You should always speak to your accountant before contacting HMRC directly.!

copyright: ijeab / 123rf

To qualify for this online self-service payment plan, a VAT-registered business must meet certain prerequisites.

  • Firstly, the business should have filed its latest VAT return

  • The owed VAT must be less than £20,000

  • Is within 28 days of the payment deadline

  • It must not have any outstanding payment plans or debts with the HMRC

  • The business should be aiming to settle its debt within six months

Nevertheless, not all businesses can leverage this online facility. Those employing VAT Cash Accounting or annual accounting schemes are not eligible. Additionally, businesses making VAT payments on account are unable to establish an online payment plan.

Of course, businesses that are ineligible for the self-serve Time-to-Pay service, or require a tailored payment plan, should always speak to their accountant before contacting HMRC directly.

Until next time ...

Business Godparent


Would you like to know more?

If anything I've written in this blog post resonates with you and you'd like to discover more about HMRC and the Time-to-Pay for VAT, it may be a great idea to call me on 01908 774320 and let's see how I can help.

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About Roger Eddowes ...


Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.

Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.