A leading UK accounting firm has warned companies using dividends as a form of remuneration that their Time to Pay applications may be rejected by HMRC.
Time to Pay (TTP) arrangements allow companies to defer the money owed to HMRC to aid their cash flow situation. HMRC has historically agreed to around 95% of applications and turns down first time applicants on a rare basis. However, according to Mitchell Charlesworth managing partner David Darlington, the attitude of HMRC has been hardening…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
