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The time to take action is now

Many businesses deferred VAT payments due between 20 March and 30 June 2020 as a result of the Coronavirus pandemic.

Those businesses that chose to do this now have until the 31 March 2021 to pay the deferred VAT in full or they can:

  • Join the VAT Deferral New Payment Scheme (VDNPS) by 21 June 2021; or
  • Agree extra help to pay with HM Revenue & Customs (HMRC) by 30 June 2021.

The VDNPS will open from 23 February and will allow taxpayers to pay deferred VAT in equal interest-free instalments.  

To use the scheme a business’s VAT returns must be up to date and error-free.

We have prepared additional guidance on this new scheme to help you determine what steps you need to take next.

Click here to read our latest update

You must join the scheme yourself, without assistance from any agents.

However, if you require additional advice on how this may affect your business or assistance with your VAT returns, please contact us.


843 Finchley Road, London, NW11 8NA
quality@glazers.co.uk
020 8458 7427