VAT Deferral - New Payment Scheme

If you deferred your VAT payment that would have been due from March to June 2020, and cannot afford to pay by 31st March 2021, you can now join the VAT deferral payment scheme, and pay the VAT owed over a longer period. 

Joining the scheme will allow you to make up to 11 monthly instalments, interest free. The earlier you join, the more months you will be able to spread payments across, so if you plan on joining, make sure you do so asap!  To use the online service, you must:

• join the scheme yourself, as your agent we cannot do this for you
• still have deferred VAT to pay
• be up to date with your VAT returns
• join by 21 June 2021
• pay the first instalment when you join
• pay your instalments by Direct Debit 

Here is the link to HMRC website to join but if you have any questions or need a bit of assistance just let us know
​SCHEME OPENS 23RD FEBRUARY 2021