HMRC settlement Deadlines/delays and the LC

[Iter]

Rec. yesterday, they assume payment by 5 apr so that’s 2 weeks!!! How kind of them, and they have added another few thousand as they made a mistake with calcs. TBF though they have admitted that any delay would not impact me as already engaged....

[webberg]

Rec. yesterday, they assume payment by 5 apr so that’s 2 weeks!!! How kind of them, and they have added another few thousand as they made a mistake with calcs. TBF though they have admitted that any delay would not impact me as already engaged....

Presumably the assumption of a payment date of 5th April is before you have negotiated a time to pay, so no real drama there?

[Iter]

I originally asked to spread part of the settlement and pay a lump sum, met the criteria..... however they declined this as a few other years with another scheme I decided not to settle. This basically implied that TTP is only applicable if every single year is settled

[webberg]

I originally asked to spread part of the settlement and pay a lump sum, met the criteria..... however they declined this as a few other years with another scheme I decided not to settle. This basically implied that TTP is only applicable if every single year is settled

Then you need to challenge them.

[kryten22uk]

I received mine at the end of Jan.
haven't replied yet and they give you 30 days to accept!

I'm in the same boat, although I received mine earlier than Jan. I wonder if people in our situation are now excluded from the general 'noone will be disadvantaged due to delays' indication, as they got ours done in time but we just didnt act on it?

I need to take a loan out to meet the £50k bill, but have been putting off applying. Thinking of putting half on credit cards and half on a loan. Not sure I'll get all that done by 5 April though.

[Iter]

Then you need to challenge them.

While the lump sum is a fairly large sum of money it won’t cripple me, and thinking I’d rather not have to pay another lot of interest on the TTP payments.

[webberg]

While the lump sum is a fairly large sum of money it won’t cripple me, and thinking I’d rather not have to pay another lot of interest on the TTP payments.

Then your decision is made.

[here4beer]

I'm in the same boat, although I received mine earlier than Jan. I wonder if people in our situation are now excluded from the general 'noone will be disadvantaged due to delays' indication, as they got ours done in time but we just didnt act on it?

I need to take a loan out to meet the £50k bill, but have been putting off applying. Thinking of putting half on credit cards and half on a loan. Not sure I'll get all that done by 5 April though.

I've been told you're not allowed to put tax bills on credit cars / loans. I phoned my bank, told them the situation, they said no. So i phoned back straight away and said i wanted a new bathroom, and they said yes...

[MyxALot]

I've been told you're not allowed to put tax bills on credit cars / loans. I phoned my bank, told them the situation, they said no. So i phoned back straight away and said i wanted a new bathroom, and they said yes...

So you’re advocating committing fraud to secure a loan to pay the LC/settlement figure?

[here4beer]

So you’re advocating committing fraud to secure a loan to pay the LC/settlement figure?

I've said you're not allowed too, but you can borrow money to buy a new bathroom... I only enquired with my bank Santander as I wanted an interest rate, I've never needed to borrow money before. They're rate was 3.5% vs HMRC's rate of 4.25%. I went with HMRC TTP as I didn't want them to think i've just pulled £100k out of no where, which is what a personal loan might have looked like.