IGA News

VAT Deferral New Payment Scheme – Online applications close on 21 June

VAT Deferral New Payment Scheme – Online applications close on 21 June

28 May 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.

Businesses can:

  • Join the VAT Deferral New Payment Scheme online between 23 February and 21 June 2021
  • Pay the deferred VAT in full by 30 June 2021
  • Contact HMRC by 30 June 2021 if they need to agree extra help to pay

If you haven’t done so yet, apply now to spread these payments in eight instalments.

21 June is the deadline for you to join this scheme. You can apply quickly and simply online without needing to HMRC, by clicking here.

If you’re still unable to pay and need more time, you can contact HMRC by clicking here.

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 pay in full by 30 June, or get in touch with HMRC to make an alternative arrangement to pay by 30 June 2021.

If you need further advice on paying deferred VAT, call the IGA Member Helpline on 01788 225 908, or email enquiries@rmif.co.uk.