Group Payment Arrangement Agreement
So, if you need more than 12 months to pay, you should contact HMRC to discuss your position in more detail, including your income, expenses and wealth position: If you conclude your agreement, do not fill in the date on page 1. The hmrc ended there. Companies that can enter into a group payment agreement are a parent company and its subsidiaries at 51% (all companies whose beneficial owner is greater than 50% of the share capital). The subsidiaries of 51% of these subsidiaries, etc., can also be included in the group. Following the group payment agreement for a specified period, HMRC will issue the designated company with a “notice of closure” (Form CT630) indicating the payments made and the corporate tax due for each participating company at the time of closure. .