Update July 1, 2021
The VAT deferral new payment scheme has now closed.
Businesses that deferred VAT payments due between 20 March 2020 and 30 June 2020 were able to either:
- pay in full by 31 March 2021
- join the online payment scheme by 21 June 2021 to spread payments of deferred VAT over smaller, interest free instalments
- contact HMRC to make an arrangement to pay by 30 June 2021
You may be charged a 5% penalty or interest if you did not pay in full or make an arrangement to pay by 30 June 2021.
Find out about VAT payments deferred between 20 March and 30 June 2020.
Source gov.uk
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