Delay to pay Corporation Tax?

Is there an extension to the date of payment of CT?

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I haven't seen any announcements, but is there any relaxation on the payment date of CT as part of the Coronavirus help measures?

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By Matrix
09th Apr 2020 18:11

No your clients would have to arrange a TTP.

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By bettybobbymeggie
09th Apr 2020 19:50

It's always pretty relaxed isn't it?

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Jennifer Adams
By Jennifer Adams
12th Apr 2020 16:46

Have a look at this article on this very subject.

https://www.accountingweb.co.uk/tax/business-tax/how-to-negotiate-time-t...

Client has to ring but it isnt 'Time to Pay' that we all know and love.. HMRC arent taking on any new TTP agreements at the moment.

You can ask for deferment of CT and you will not usually be refused. The deferment is for the maximum of three months and interest is payable.
HMRC call staff have been told to grant deferment nearly automatically but the money will have to be paid at sometime so if client can pay something rather than nothing then they should/

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