The VAT Payment deferral scheme does not apply to VAT quarters ending from 31 May 2020 onwards. VAT returns for these periods must be submitted and paid on time.
If you have previously cancelled your Direct Debit payment to HMRC in order to make use of the VAT payment deferral scheme, you will now need to set this up if you would like to pay by Direct Debit again.
If we submit your VAT returns for you and you would like the Direct Debit setting up again, please email email@example.com with your bank account details. Alternatively, you can ring the office and speak to Hannah Stone in the Business Services Team. Please note, the Direct Debit must be set up at least 3 workings days before the VAT return is submitted, otherwise, they will not be able to take payment by this method.
If you submit your own VAT returns to HMRC, you can set up a Direct Debit through your Government Gateway account and the VAT section. You should see an option to set up Direct Debit.
If you are unable to set up the Direct Debit online, you can download and print a form VATC9 to post to HMRC. Please note, HMRC have said they will need at least 2 weeks to process the form before the VAT return is submitted.
Don’t leave it too late
Due to the time it may take to process a Direct Debit application, you may need to arrange an electronic payment to HMRC for the first VAT liability payment. To see how you can arrange a payment to HMRC through online or telephone banking, please visit https://www.gov.uk/pay-vat/bank-details. You will need your 9 digit VAT registration number for the payment reference.
If you believe you may have financial difficulties in paying your upcoming VAT liability, please contact the HMRC Coronavirus helpline on 0800 024 1222 or the Payment Support Services Helpline on 0300 200 3835. Alternatively, you can contact HMRC via webchat to discuss issues with making payments at https://www.gov.uk/government/organisations/hm-revenue-customs/contact/vat-enquiries
Please note, for any VAT returns you have opted to defer payment, the liability must be paid in full by 31 March 2021.
If you have any queries, please contact us.
June 18th, 2020