Payment of deferred VAT

Did you take up the option provided by HMRC to defer a VAT payment which was due between 20^th March 2020 and 30^th June 2020? If the answer is yes and the VAT liability is still outstanding, then you now have three options:-

• Pay it off in full no later than 31^st March 2021.
• Opt in to the VAT deferral new payment scheme, which should be up and running imminently. This will allow you to settle the liability, interest free, over a number of monthly instalments.
• Contact HMRC if you cannot do either of the above and are requiring further assistance.

See link below to the HMRC website for further information:

Pay VAT deferred due to coronavirus (COVID-19) – GOV.UK (www.gov.uk)