HMRC has opened its new VAT deferral payment scheme. Launched on 23 February, you can now opt-in and register to make up to 11 monthly smaller payment instalments, interest free.
If you join the scheme by 19 March 2021, you can spread your payments over 11 months.
If you miss this deadline, you have until 21 April 2021 to benefit from 10 monthly instalments
19 May 2021 deadline = 9 monthly instalments
21 June 2021 FINAL deadline = 8 monthly instalments
More details about the scheme and what you need to know can be found here.
For any business that needs more help to pay their deferred VAT, the should contact HMRC. If you can pay your deferred VAT, you should do so by 31 March 2021.
All data and figures referred to in our news section are correct at the date of publishing and should not be relied upon as still current.
