Insights

VAT Deferral Payment Scheme

If you deferred VAT payments between March 2020 and June 2020 under the VAT Payment Deferral Scheme you can be given the option to pay that in equal monthly instalments.

Today is the deadline if you want to spread your VAT payment across 11 months from April 2021 to March 2022.

If you have missed this deadline it’s not the end of the world.

Provided you sign up by 21st April 2021 you can spread the payment across 10 instalments. If you sign up by 19th May 2021 then it’s 9 payments; and sign up by 21st June 2021 (the closing date) then it is 8 payments.

Please note you need to apply for this yourself. Your accountant cannot do it for you.

Before you do join the scheme you will need to have a Government Gateway account and all outstanding VAT returns need to have been submitted.

Here is the link to opt into the deferral scheme:-

https://lnkd.in/eqBpT-v

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A message from our founder

We are pretty sure you didn’t go into business to fiddle about with payroll, bookkeeping, VAT returns and HMRC forms.

Let’s face it. Running your own business can be difficult enough at the best of times and there’s one thing for sure – it isn’t getting any easier! You’re trying to keep so many plates spinning and juggling so many balls all the time to keep customers, staff, stakeholders and the bank happy. But who keeps you happy? You’ve got suppliers to pay, VAT, and all sorts of other taxes too.

You are looking for more profit and more return for all your hard efforts for you and your family.

Is now the time for you to get some more help? A plan? More controls? A different approach? Do you want things to happen better or faster?

If you can relate to even some of this this then maybe you need to make a call?

To show you we mean business I can visit you, at your convenience and without cost or obligation, at your business or home to develop a plan of action. You will know exactly what you will pay with us and there will be no hidden costs. Guaranteed.

What’s the worst case scenario?

Only that you will have some more ideas to take away.

But it could be the best call you ever make.

Jeff Wingham

Jeff Wingham studied at Dundee College of Technology (now The University of Abertay) gaining a BA in Accounting with commendation and was also a prizewinner in his penultimate and final years of his degree.

BA AFA MIPA

First Floor Offices
31 Hawkhill
Dundee
DD1 5DH

Phone: +44 (0) 1382 220263
Mobile:+44 (0) 7709 241918
Email: enquiries@cikas.co.uk

Hours of operation

Monday: 8:30am — 5:00pm
Tuesday: 8:30am — 5:00pm
Wednesday: 8:30am — 5:00pm
Thursday: 8:30am — 5:00pm
Friday: 8:30am — 5:00pm

(Evening consultations also available)