The Government have announced an option to extend the payment terms for the deferred VAT period between 20^th March and 30^th June 2020.

Early in 2021 an online opt in process will open on the below link which will allow businesses the option of making 2-11 smaller monthly instalments of deferred money owed, interest free.

To qualify for the scheme you must:

• Still have a remaining balance of deferred VAT to pay
• Be up to date with your VAT returns
• Opt in on the portal when it launches before the end of March 2021
• Be able to pay the first instalment when you opt in

Full details on how to be ready for the launch can be found at the following link: