VAT Deferral New Payment Scheme – join from 23‌‌‌‌ February

If businesses deferred paying VAT due in the period from 20‌‌‌‌ ‌March to 30‌‌ ‌June‌‌ ‌2020 and can’t afford to pay by 31‌‌ March‌‌ ‌2021, they can join the VAT deferral new payment scheme and pay their deferred VAT over a longer period.

The online service will open on 23‌‌ February‌‌ ‌2021 and close on 21‌‌ June‌‌ ‌2021. Businesses can make up to 11 monthly instalments, interest free. The earlier you join, the more months you can spread their payments across.

You can join the scheme online without the need to call – for more information and to join <<CLICK HERE>>

Please note that HMRC is unable to provide an agent service for this scheme.

Businesses that need more time to pay their deferred VAT should contact HMRC.

 

Author: fiona bewers
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