Time to Pay – This is a debt repayment plan arrangement with HMRC for your outstanding taxes. Companies that have defaulted on their payments to settle their Corporation Tax, VAT and/or PAYE can ask HMRC for extra time to pay. They will usually agree that you can pay it back over 6-12 months.
Time to Pay Arrangements are made directly with HMRC (helpline 0800 0159 559).
Source: Company Rescue