VAT deferral

VAT deferred from April – June 2020 because of Coronavirus is due to be paid to HMRC by 31 March 2020. However HMRC have introduced a new payment scheme which will enable businesses to pay the VAT due in up to 11 instalments. This scheme can be accessed online from 23rd February; you must have a Government Gateway account in order to access this (this can be set up here Before you set up the payment plan, you must make sure you know how much you owe; you must also ensure that any outstanding VAT returns from the last 4 years have been submitted. If you cannot use the online service, you can set up the scheme over the phone by calling 0800 024 1222.