Certificate of Tax Deposit

In the United Kingdom, the Certificate of Tax Deposit (CTD) scheme allows individuals and companies to deposit money with HM Revenue and Customs before tax is due. A "Certificate of Tax Deposit" is issued as a receipt for the money deposited. HMRC pays interest on deposits.

Uses of CTDs include when a tax liability is under investigation by HMRC. Making a deposit can help stop late payment interest accruing on the amount owed while it is under investigation. If no tax is found liable, the money can be reclaimed.