VAT Deferral New Payment Scheme

The deadline to join the VAT deferral new payment scheme closes on 21 June 2021.

Businesses that still have outstanding balances, for VAT payments that were deferred between 20 March and 30 June 2020 and wish to spread the payment of this balance over 8 monthly instalments, must register for the VAT deferral new payment scheme before 21 June 2021.

The scheme allows the balance to be repaid, interest free, over equal monthly instalments.

In order to be accepted onto the scheme the business must be up to date with all VAT return submissions, join before the deadline of 21 June 2021 and be able to pay the first instalment when they join the scheme.

If you need any guidance as to how to join the scheme call AJS Accountants on 01480 596636.

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