Certificates need to be used by 23 November 2023. The value on HMRC’s books is £89m.
The deadline for using a certificate of tax deposit (CTD) to settle a tax bill is 23 November 2023.
After that date, the normal process for making a withdrawal will apply.
The current value of outstanding CTDs not yet resolved, or in the process of being resolved, is £89m.
HMRC has written to each holder of a CTD. The outstanding balance suggests that many holders still need to take action.
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