COVID-19 support schemes – this week’s updates, 17 May 2021

Upcoming CJRS and SEISS deadlines and the next VAT deferral deadline feature this week.

The CJRS

The deadline to submit CJRS claims for periods in April‌‌ ‌2021 is Friday‌‌ ‌14‌ May 2021, unless reasonable excuse is available for late submission. Amendments to April 2021 CJRS claims must be made by Friday 28 May 2021.

SEISS grant 4

SEISS grant 4 is now open to all eligible taxpayers. Applications for grant 4 will close on Tuesday 1‌‌ ‌June‌‌ ‌2021.

VAT deferral – next deadline

The VAT deferral new payment scheme is available to businesses who deferred VAT due between 20 March 2020 and 30‌‌ ‌June‌‌ ‌2020 and still have payments to make, or who were unable to pay in full by 31‌‌ March‌‌ ‌2021. This includes those on Payment on Account and Annual Accounting schemes. Businesses must apply on or before 21‌‌ ‌June‌‌ ‌2021 if they want to join the scheme and further defer this VAT.

The later businesses join the fewer instalments are available to them. The next deadline is Wednesday 19 May 2021 to benefit from making the payment over 9 instalments. Failure to make payment of the deferred VAT in full or to make an arrangement to pay by 30 June 2021 may result in a 5 percent penalty, according to the guidance.