- When determining whether to accept a TTP arrangement, you may be asked to provide the following information when presenting your case:
- Sales and cash flow forecasts for the next 6 to 12 months.
- How you will reduce overheads and expenses to ease cash flow to meet the tax liability.
- Statement of intent that you will repay the liability.
- The same principles are applied to all taxpayers, although the detail of processes can be tailored to reflect the risk/return associated with different liabilities.
- As a rule, the larger the liability the greater the risk and the greater the need for more information.
