Budget
News - VAT
23 February 2021
Did you defer your VAT payments between 20 March and 30 June 2020? You can pay now or join the VAT deferral new payment scheme.
Any VAT payments deferred due to Covid-19 between 20 March and 30 June 2020 that haven’t been paid need to be:
You may be charged interest or a penalty if you do not:
If you wish to join the scheme there are different instalment options available. The month you decide to join the scheme will determine the maximum number of instalments that are available to you. If you join the scheme in March, you’ll be able to pay your deferred VAT in 11 instalments or fewer. If you join the scheme in June there will be 8 instalments or fewer.
Follow the link to join the scheme or if you need more help or you’re still unable to pay and need more time contact us and we can help.
https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19