Businesses that deferred VAT payments last year due to the Coronavirus Pandemic must now take action.

If you deferred VAT payments due between 20 March 2020 and 30 June 2020 and still have payments to make, you can:

  • pay the deferred VAT in full, on or before 31 March 2021
  • join the VAT deferral new payment scheme – the online service is open between 23 February 2021 and 21 June 2021
  • contact HMRC on Telephone: 0800 024 1222 by 30 June 2021 if you need extra help to pay

Join the VAT deferral new payment scheme

You can now join the new online VAT Deferral New Payment Scheme which lets you:

  • pay your deferred VAT in equal instalments, interest free
  • choose the number of instalments, from 2 to 11 (depending on when you join)

Before joining you must create your own government gateway account. You need to apply for the VAT deferral payment scheme yourself your accountant cannot do this for you.

If you have any questions on this, please feel free to contact us at info@4maccountancy.com.