To ask the Chancellor of the Exchequer, whether he plans to extend the deferral of VAT payments due to the implementation of a further period of covid-19 lockdown restrictions.
17 November 2020
The VAT payments deferral scheme ended on 30 June 2020 as planned.
As part of the Winter Economy Plan, the Government announced that businesses which deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period up to March 2022. They will need to opt-in to the scheme, and for those that do, this means that their deferred VAT liabilities do not need to be paid by the end of March 2021.
Businesses that need extra help can contact HMRC and agree a Time to Pay arrangement.