The new payment scheme helps businesses with deferred VAT to pay what they owe in smaller, monthly instalments from March, interest free.
The scheme is now open, and you can choose to make 2-11 monthly payments, depending on when you join. The later you join the fewer instalments are available to you. You can join through a simple online service without needing to contact HMRC.
You need to join the scheme before the end of June.
More details are available from GOV.UK.
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