HMRC Update

VAT deferral new payment scheme – join from 23‌‌ February

If you deferred paying VAT due in the period from 20‌‌ March to 30‌‌ June‌‌ 2020, you should pay it by 31‌‌ ‌March‌‌ ‌2021 if you can.

If you can’t afford to pay by 31‌‌ March‌‌ 2021, you can join the VAT deferral new payment scheme and pay your deferred VAT over a longer period.

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

You can join the scheme online without the need to call – search ‘Pay deferred VAT’ on GOV‌.UK for more information and to join quickly and simply online when the scheme opens.

If you need more time, please contact them direct and go to GOV‌.UK and search ‘if you cannot pay your tax bill on time’.

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