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1279637
registered interest false more like this
date less than 2021-01-22more like thismore than 2021-01-22
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading VAT remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what estimate his Department has made of the value of deferred VAT payments under the Deferral Scheme for VAT that will become payable on or after 1 December 2020. more like this
tabling member constituency Thirsk and Malton remove filter
tabling member printed
Kevin Hollinrake more like this
uin 142029 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-01-27more like thismore than 2021-01-27
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> more like this
answering member constituency Hereford and South Herefordshire more like this
answering member printed Jesse Norman more like this
question first answered
less than 2021-01-27T13:59:10.543Zmore like thismore than 2021-01-27T13:59:10.543Z
answering member
3991
label Biography information for Jesse Norman more like this
tabling member
4474
label Biography information for Kevin Hollinrake more like this