The online portal for the new payment scheme closes on 21 June 2021.

Over half a million businesses deferred £34bn in VAT payments due between March and June 2020 under the VAT Payment Deferral Scheme. Businesses had until 31 March 2021 to pay this deferred VAT or, if they could not afford to do so, they could go online from 23 February to set up a new payment scheme and pay by monthly instalments to spread the cost.

HMRC data to 30 April 2021 shows 228,850 businesses that deferred their VAT last year have already paid their VAT in full. This, along with instalments already made under the new payment scheme and other payment plans, totals £15.1bn. Since the online service opened on 23 February 2021 another £11.5bn has already been committed to future instalment payments by 134,627 businesses.