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One month left to join VAT Deferral New Payment Scheme

Businesses that deferred VAT payments last year have one month left to join online to pay in monthly instalments under the VAT Deferral New Payment Scheme,. ....

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Rochdale News | Business News | Four weeks left to join VAT Deferral New Payment Scheme

Four weeks left to join VAT Deferral New Payment Scheme
Date published: 24 May 2021
HM Revenue & Customs
Businesses that deferred VAT payments last year have one month left to join online to pay in monthly instalments under the VAT Deferral New Payment Scheme, HM Revenue and Customs (HMRC) said on Thursday (20 May 2021).
The online portal for the new payment scheme closes on 21 June 2021.
Over half a million businesses deferred £34 billion in VAT payments due between March and June 2020 under the VAT Payment Deferral Scheme. Businesses had until 31 March 2021 to pay this deferred VAT or, if they could not afford to do so, they could go online from 23 February to set up a new payment scheme and pay by monthly instalments to spread the cost. ....

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One month left to join VAT Deferral New Payment Scheme

One month left to join VAT Deferral New Payment Scheme
gov.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.uk Daily Mail and Mail on Sunday newspapers.

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Coronavirus financial support timeline: How you can apply and when the schemes end

The government has created many coronavirus (COVID-19) response measures to help businesses.
Some of these were recently extended in the 2021 Budget, delivered by the chancellor in March.
You should view those blogs in the first instance because they detail additional coronavirus support measures not discussed here because they have no time limits, such as loans and rates relief.
However, it can be difficult to keep track of the numerous coronavirus schemes that do have dates you must meet.
You need to know when you should take action.
To help you, in this article we provide an up-to-date timeline, in order of dates occurring soonest - but going all the way through to 2030. We will continue to update it in the future if and when new coronavirus relief measures are announced. ....

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Matthew Upex from Moore Thompson discusses online VAT Deferral New Payment Scheme

Matthew Upex from Moore Thompson discusses online VAT Deferral New Payment Scheme
Published: 12:00, 06 March 2021
Businesses that deferred VAT between March 20 and June 30, 2020 now have until March 31, 2021 to either repay the tax due in full or set up repayment instalments under the online VAT Deferral New Payment Scheme.
The scheme went live on February 23, 2021 and will close on June 21. It allows businesses with deferred VAT to spread their outstanding debts over up to 11 smaller instalments.
The length of repayment and the number of instalments required will depend on when a business joins this new scheme.
Matthew Upex
Before they can apply, businesses need to be up to date with VAT return filings for the last four years and correct any errors on existing VAT returns, as soon as possible. ....

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