Did you defer your VAT between 20 March and 30 June 2020? Join the VAT deferral new payment scheme by 21 April to benefit from up to 10 instalments. The later you join the fewer instalments you get.
Instalment options available to you
When you decide to join, the scheme will determine the maximum number of instalments that are available to you.
The following table sets out the monthly joining deadlines (to allow for Direct Debit processing) and the corresponding number of maximum instalments (including the first payment):
|If you join by||Number of instalments available to you|
|21 April 2021||10|
|19 May 2021||9|
|21 June 2021||8|
Find out more at Gov.UK: https://bit.ly/3wuRT2N
For help with tax advice, contact our team of specialists at LHP on email@example.com or ring 01267 237534.