HMRC launches VAT deferral new payment scheme
25- 02- 2021Firms can pay equal consecutive monthly instalments from March 2021.
Firms can pay equal consecutive monthly instalments from March 2021.
Report pushed back due to pandemic uncertainty.
The charge comes into effect from 1 March 2021.
Standard rate temporarily falls from 20% to 5%.
More than 95% of tax owed in 2018/19 was collected.