10(1)This paragraph gives the meaning of terms used in this Part of this Schedule.U.K.
(2)The “15 day period”, in relation to tax due, is the period of 15 days beginning with the day after the specified date.
(3)The “30 day period”, in relation to tax due, is the period of 30 days beginning with the day after the specified date.
(4)A “time to pay agreement” is an agreement between HMRC and a person that payment of an amount of tax due (the “deferred amount”) may be deferred for a period (the “deferral period”).
(5)A person breaks a time to pay agreement if—
(a)the person fails to pay the deferred amount when the deferral period ends, or
(b)the deferral is subject to the person complying with a condition (including a condition that part of the deferred amount be paid during the deferral period) and the person fails to comply with it.
(6)If a time to pay agreement is varied at any time by a further agreement between the person and HMRC, references in this Schedule to the agreement include the agreement as varied.
Commencement Information
I1Sch. 26 para. 10 in force at 1.1.2023 for specified purposes by S.I. 2022/1278, reg. 2(2)
I2Sch. 26 para. 10 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2(2)