VAT Deferral Payment Scheme

If you deferred VAT payments due between 20 March 2020 and 30 June 2020 and still have payments to make, from today (23 February 2021), you can opt in to the new HMRC payment scheme. This will allow the deferred VAT liability to be split into instalments over 2-11 months, depending on when you opt in. No interest will be charged on the payment plan.

As agents, we are unable to do this on your behalf. You will need to use your company government gateway to login and join the scheme. 

Please follow the link below to the Gov.uk page to opt in:

https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19

 Your options regarding the VAT liability still outstanding will be:

• pay the deferred VAT in full, on or before 31 March 2021
• join the VAT deferral new payment scheme – spread the liability across 2-11 monthly instalments interest fee, and pay by direct debit

The online service to opt in is open between 23 February 2021 and 21 June 2021.

If you need extra help to pay, you can contact HMRC via telephone on 0800 024 1222 by 30 June 2021.

If you have any further questions on the scheme, then please contact a member of staff at Griffin Chapman.