The March, April and May 2020 VAT payments were deferred to March 2021. However, In light of the most recent lockdown, it is now possible to spread payments over a further 11 months from March 2021 in equal instalments. To arrange this payment plan, you need to contact HMRC through your Government Gateway and make a request.
As you may recall, in the last newsletter I suggested that you should not make the payment even if you had the cash available. I would further recommend that if you had put the cash to one side, that you retain it in order to help with ongoing running costs of your business and utilise the government’s interest-free payment terms.
Naturally please get in touch if you have questions.