VAT: Coronavirus
(asked on 20th January 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what plans he has to further extend deferral of VAT payments for businesses to help with their cashflow.
This question was answered on 25th January 2021
The VAT payments deferral scheme ended on 30 June 2020, as planned. There are no current plans to launch another VAT deferral scheme.
As part of the Winter Economy Plan, the Government announced further support for those with deferred VAT. Instead of paying the full deferred VAT outstanding by 31 March 2021, businesses can spread what they owe over up to 11 smaller monthly payments.
More information is available at www.gov.uk/hmrc/vat-deferral.