New deferred VAT payment scheme
HMRC confirms VAT payments due between 20 March and 30 June 2020 and deferred until 31 March 2021 can now be paid in instalments by opting into a new scheme.
The deferred payment can either be paid in full or in equal monthly instalments beginning in March 2021.
The opt-in option will be available shortly which can only be done through your Government Gateway account. If you’d like to discuss spreading future VAT 100 payments over 3 months, please get in touch.
UPDATE 24 February 2021: Deferred VAT Scheme now live