VAT deferral – apply online by 21 June 2021
The VAT deferral new payment scheme is open for all businesses who deferred paying VAT due between 20 March and 30 June 2020 and were unable to pay in full by 31 March 2021.
If you apply to spread your payments between 20 May and 21 June you can pay in eight instalments.
21 June is the deadline for you to join this scheme.
You may be charged a 5% penalty and/or interest if you:
- do not sign up to the VAT deferral scheme by the deadline of 21 June; or
- do not pay in full by 30 June; or
- don’t get in touch with HMRC to make an alternative arrangement to pay by 30 June 2021.
See:
Pay VAT deferred due to coronavirus (COVID-19) – GOV.UK (www.gov.uk)
For more information, don’t hesitate to contact us.
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