This video explains what the Time to Pay Scheme means for your UK business.
Please click the short video above, or if you prefer continue reading the transcript below:
If you are VAT registered there is a good chance that early in 2020 you were able to defer one of your quarterly VAT payments until March 31st 2021.
Now that the time to pay that VAT has come you might still be struggling to pay it.
HMRC have recognised this and have therefore setup a new scheme to allow you to pay that VAT over up to 11 instalments interest free.
You can apply for the scheme from the 23rd February, and you will need to do that through your own Government Gateway account.
More information is available here
Please email or call us for any more information.
Tel: 01704365220
Email: nigel@simplyaccountsonline.co.uk