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HMRC have released details on how to join the VAT Deferral New Payment Scheme.
VAT deferred from Feb-20, Mar-20 and Apr-20 was originally due to be paid in full by 31st March 2021.
You now have three options to pay deferred VAT:
The new payment scheme enables the VAT deferred from 2020 to be spread out on a payment plan to 31st March 2022.
The scheme is open from 23rd February 2021 to 21st June 2021
To use the scheme you must:
More details from HMRC can be found here.
If you have any questions on the VAT Deferral New Payment Scheme, please get in touch.
Posted 1 month ago
It’s crazy how many businesses have no idea the projects they are working on qualify for R&D. Here’s some case studies where we’ve uncovered secret R&D….and a cash refund!