skip to navigationskip to main content

Vat Deferral New Payment Scheme (update 22 February 2021)

VAT deferral new payment scheme – join from 23‌‌‌‌ February

If businesses deferred paying VAT due in the period from 20‌‌‌‌ ‌March to 30‌‌ ‌June‌‌ ‌2020 and can’t afford to pay by 31‌‌ March‌‌ ‌2021, they can join the VAT deferral new payment scheme and pay their deferred VAT over a longer period.

The online service will open on 23‌‌ February‌‌ ‌2021 and close on 21‌‌ June‌‌ ‌2021. Businesses can make up to 11 monthly instalments, interest free. The earlier a client joins, the more months they can spread their payments across.

Clients can join the scheme online without the need to call – they can go to GOV.UK for more information and to join quickly and simply when the scheme opens. Please note that HMRC is unable to provide an agent service for this scheme.

Businesses that need more time to pay their deferred VAT should contact HMRC

Subscribe to our newsletter

Our monthly newsletter contains a round up of the latest tax news and updates of what's happening at Frame Kennedy

As a subscriber you will automatically recieve our newsletter direct to your inbox