VAT deferred due to coronavirus (COVID-19)

.Any deferred VAT outstanding after 30 June 2021 will be treated as debt and may be subject to a penalty.If you are unable to pay and need more time, find out what to do .To find what other support is available, use the .A financial penalty may be charged if you did not take any action to pay your deferred VAT in full, or make an arrangement to pay by the deadline of 30 June 2021.The legislative framework for the penalty is contained in the Finance Act 2021 section 99 and schedule 19.If you did not pay your deferred VAT in full or made an arrangement to pay by 30 June 2021 you must pay a penalty, this is calculated on the amount of unpaid deferred VAT.Making an arrangement to pay included either:The penalty is charged at 5% of the deferred VAT that’s unpaid when the penalty is assessed.You must pay the penalty within 30 days of the date of the penalty assessment.You can appeal against a penalty if you have a .You can have your tax decision reviewed by someone at HMRC who was not involved in the original decision.

This is known as a ‘statutory review’.The penalty decision could either be:Further information is available on how to:You can also appeal against the decision to the .If you need general help about VAT you can contact .The guidance has been updated, as the COVID-19 helpline for businesses and self-employed is now closed.Information about the VAT deferral penalty has been added.Information added to advise the VAT deferral new payment scheme has now closed.Information about paying your deferred VAT in full or to make an arrangement to pay by 30 June 2021 has been added.Information about paying your deferred VAT in full or to make an arrangement to pay by 30 June 2021 has been added.Information has been added on.