VAT payment deferral scheme – error correction

Feb 01, 2021

If a VAT registered business notices an error on a VAT return which relates to a period covered by the VAT Payments Deferral Scheme, HMRC is advising that the business should submit a VAT652 form as soon as possible. More information is available on GOV.UK.

The business will then receive a Statement of Account confirming the balance, and if any extra payments are needed as a result, these can be deferred too, subject to conditions.

Businesses can:

  • pay the deferred VAT in full on or before 31 March 2021;
  • ·opt in to the VAT deferral new payment scheme when it launches (more information is to follow shortly); or
  • contact HMRC if they need more help to pay.