VAT deferral new payment scheme – opt in from the end of February 2021

Source: HMRC

If businesses deferred VAT due from 20 March to 30 June 2020 and still have payments to make, they can opt into the VAT deferral new payment scheme to pay their deferred VAT over a longer period.

The payment scheme is expected to open on 23 February 2021 and close at the end of June 2021. If your client opts in, they can make up to 11 smaller monthly instalments, interest free.

Your client can opt in to the scheme online without the need to call. Go to VAT deferral for more information, your client can opt in quickly and simply online when the scheme opens. Please note that HMRC is unable to provide an agent service for this scheme.

If your client can pay their deferred VAT by 31 March 2021 they should do so.

Businesses that need more help to pay their deferred VAT should contact HMRC.

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