New VAT deferral payment scheme
Companies that deferred VAT payments between 20 March and 30 June 2020 and still have payments to make need to join the VAT deferral new payment scheme by 21 June 2021.
To join the scheme, a company must have:
- a Government Gateway account
- submitted any outstanding VAT returns from the last four years and corrected any errors on existing returns
- calculated how much it owes, including the amount originally deferred and how much has already been paid.
Companies must pay the first instalment upon joining the scheme and make subsequent payments via Direct Debit.