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VAT Deferral Scheme Deadlines

VAT Deferral Scheme Deadlines

April Foster

If you deferred VAT payments due between 20 March 2020 and 30 June 2020 and still have payments to make, you can:
  • pay the deferred VAT in full, on or before 31 March 2021 or,
  • join the VAT deferral new payment scheme – the online service is open until 21 June 2021
The new VAT deferral payment scheme lets you pay your deferred VAT in equal instalments, (from two to 11 depending on when you join), interest free. 

The month you decide to join the scheme determines the maximum number of instalments that are available to you.

The following table sets out the monthly joining deadlines (to allow for Direct Debit processing) and the corresponding number of maximum instalments (including the first payment):
If you join by Number of instalments available to you
19 March 2021 11
21 April 2021 10
19 May 2021 9
21 June 2021 8
You will need to join the scheme yourself (unfortunately Moore cannot do this for you) and be up to date with your VAT returns.  You will need to pay the first instalment when you join, and you will have to pay your instalments by Direct Debit.
How to join
Before joining, you must:
  • create your own Government Gateway account (if you do not already have one)
  • submit any outstanding VAT returns from the last 4 years – otherwise you’ll not be able to join the scheme
  • correct errors on your VAT returns as soon as possible
  • make sure you know how much you owe, including the amount you originally deferred and how much you may have already paid
Join the scheme now

Need extra help to pay?
If you are struggling to pay your deferred VAT, you should contact HMRC on 0800 024 1222 by 30 June 2021. You can join the deferred VAT scheme even if you have a Time to Pay arrangement for other HMRC debts and outstanding tax.

For further advice on any of the information contained in this post, please contact your usual Moore adviser.