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Deferred VAT Payments.pdf

Deferred-VAT-payments-2021.pdf
Preview of Deferred VAT payments
🔗 Source: fairhurstaccountants.com
📊 Size: 720 KB
👤 Author: kjr
⬇️ Downloads: 112

Summary

HMRC offered the option to defer VAT payments due between 20 March 2020 and 30 June 2020 to support businesses through coronavirus disruption. Those who took advantage of this offer now have three choices: pay the deferred VAT in full by 31 March 2021, opt in to the VAT deferral new payment scheme, or contact HMRC for more help. The new payment scheme allows for 2-11 interest-free monthly instalments to be paid by 31 March 2022. To use this scheme, businesses must still have deferred VAT to pay, be up to date with VAT returns, opt-in before 31 March 2021, pay the first instalment by 31 March 2021, and pay by Direct Debit.

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Description

HMRC offered the option to defer VAT payments due between 20 March 2020 and 30 June 2020 to support businesses through coronavirus disruption.

Technical Information

  • File Format: PDF
  • File Size: 720 KB
  • Pages: 1
  • Language: EN
  • Author: kjr
  • Total Downloads: 112
  • Last Updated: 1 month ago

Document Overview

This PDF document about Deferred VAT payments provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Deferred VAT payments.

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