News
February 1, 2021

VAT Payment Deferral

VAT payments owing for periods between 20 March and 30 June 2020 which were deferred at the time, are due to be paid by 31st March 2021.

VAT payments owing for periods between 20 March and 30 June 2020 which were deferred at the time, are due to be paid by 31st March 2021.

The deferred VAT can either be paid in full or in instalments using the VAT deferral new payment scheme.

The online service will be open between 23 February and 21 June 2021 for the VAT deferral new payment scheme; the scheme allows you to pay the liability over 2 to 11 months (depending on when you join) in equal instalments; interest free.

Before joining, you must be up to date with your VAT returns.

If you join the scheme, you can still have a Time to Pay arrangement for other HMRC debts and outstanding tax.

For further information please follow the link http://bit.ly/3uptDOw or give our office a call on 016975 08925 and a member of the team will be happy to help.

Get in Touch to Find Out how Benson Accountants can help you or your Business.

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