HMRC
One month left to join VAT deferral new payment scheme, says HMRC
HMRC has said that businesses may be charged a '5% penalty' and/or interest if they don’t join up to the scheme online by 21 June, or pay in full by 30 June, or contact HMRC to make an arrangement to pay by 30 June 2021
Businesses that deferred VAT payments last year have until 21 June 2021 to join the new online payment scheme to spread the cost of their deferred VAT, HMRC has said.
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