Скачать или смотреть Does HMRC Time To Pay affect a Directors Credit Score?

Does an HMRC Time to Pay (TTP) affect a director’s credit score? Short answer: no.

A TTP is not reported to credit reference agencies and does not place a marker on a director’s personal credit file. It is not a Companies House filing either, so there is no automatic change to a company credit rating.

When risk rises
• If a TTP fails and HMRC takes court action, a County Court Judgment against the company will show on reports for up to six years.
• A winding up petition is advertised in The Gazette and is treated as adverse information by business credit agencies.
• A director’s personal file is usually unaffected unless the liability is personal and leads to a CCJ or personal insolvency, or the director has personally guaranteed borrowing used to clear arrears.

Good practice
• Propose a realistic monthly amount and pay every instalment on time.
• Keep new VAT, PAYE and Corporation Tax paid in full and on time while in TTP.
• If anything changes, contact HMRC early to adjust the plan before it breaks.
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