VAT deferral new payment scheme – join from 23‌‌ February

VAT deferral new payment scheme – join from 23‌‌ February
  • If you deferred paying VAT due in the period from 20‌‌ March to 30‌‌ June‌‌ 2020, you should pay it by 31‌‌ ‌March‌‌ ‌2021 if you can.
  • If you can’t afford to pay by 31‌‌ March‌‌ 2021, you can join the VAT deferral new payment scheme and pay your deferred VAT over a longer period.
  • The online service will open on 23‌‌ February‌‌ 2021 and close on 21‌‌ June‌‌ 2021.
  • You can make up to 11 monthly instalments, interest-free. The earlier you join, the more months you can spread your payments across.

Instalment options available to you

The month you decide to join the scheme will determine the maximum number of instalments that are available to you. If you join the scheme in March, you’ll be able to pay your deferred VAT in 11 instalments or fewer.

The table below sets out the monthly joining deadlines (to allow for Direct Debit processing) and the corresponding number of maximum instalments (including the first payment):

If you join by:

Number of instalments available to you:

19 March 2021

11

21 April 2021

10

19 May 2021

9

21 June 2021

8

You can join the scheme online without the need to call – https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19