Online services open for VAT deferral payment scheme
In order to take advantage of the new payment, scheme businesses will need to have deferred VAT payments between March and June 2020, under the VAT Payment Deferral Scheme. They will now be given the option to pay their deferred VAT in equal consecutive monthly instalments from March 2021. . In order to qualify and opt into the new payment scheme, you must:
• join the scheme yourself, your accountant cannot do this for you
• still have deferred VAT to pay
• be up