answer text |
<p>Approximately £34bn of the VAT that was due between 20 March and 30 June 2020 was
deferred until 31 March 2021. Some businesses have started to pay deferred VAT ahead
of 31 March 2021 but most of the £34bn remains outstanding.</p><p> </p><p>Businesses
can pay deferred VAT in full by 31 March 2021 or, should they wish, they can spread
payment of deferred VAT over smaller monthly instalments. Further details are available
at <a href="http://www.gov.uk/hmrc/vat-deferral" target="_blank">www.gov.uk/hmrc/vat-deferral</a>.</p>
|
|