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VAT Deferral opt in , working?

Is the OPT IN to spread VAT up and running

Didn't find your answer?

The opt in to spread payments  '' Covid 19 '' VAT was due to launch today, 23rd February.

What you owe section of the  'YOUR  VAT ACCOUNT''

States:

''For those that opt-in to the VAT Deferral New Payment Scheme, this means that your VAT liabilities due between 20 March and 30 June 2020, will now need to be paid by 31 March 2022.

More details on the scheme will be published in due course''    ( Note the Press release regarding the 23rd February Launch does not merit a mention)

But there is no  dedicated  link or section to allow user to set up the installments.

Am I missing something?

Observations welcome.

Thankyou

 

 

 

 

 

Replies (7)

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Caroline
By accountantccole
23rd Feb 2021 17:04

This link was in my inbox this morning and has notes on how to do it

https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-...

Thanks (1)
Replying to accountantccole:
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By frankfx
23rd Feb 2021 18:49

Thankyou.

I had it in mind to join through the normal portal.

As said the '' normal '' portal is silent about this. And not updated to give a hint to look elsewhere to join the scheme.

The dashboard display in my car provides details of car speed.
I do not have to get out of car to see the wheels whizz by!

Thanks (1)
Replying to accountantccole:
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By Max Maxwell
24th Feb 2021 16:34

accountantccole wrote:

This link was in my inbox this morning and has notes on how to do it

https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-...

Just followed the link and set this up..worked like a dream

Thanks (0)
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By Wanderer
23rd Feb 2021 17:12

Another one where HMRC are cutting agents out of the process:-

gov.uk wrote:
To use the online service, you must:

join the scheme yourself, your agent cannot do this for you

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Replying to Wanderer:
Jason Croke
By Jason Croke
23rd Feb 2021 17:38

Appreciate there is a creeping towards HMRC closing out the tax agent, but for this particular scheme, enrolling for the instalment plan does require the completion and submission of a direct debit at the time of enrolment as well as an initial payment to be authorised. A 64-8 doesn't normally extend the agents powers to making bank payments on behalf of the client, HMRC prefer taxpayers do that themselves....but agree, more and more stuff squeezing the tax agent out.

HMRC may see that has making it look like tax is simple and taxpayers can do it themselves, but as experienced accountants and book keepers know, many clients are not brilliant when it comes to numbers and one wonders if making things look easy is HMRC's way of ensuring people get it wrong and can reap some lovely penalties further down the line.

Thanks (1)
Jason Croke
By Jason Croke
23rd Feb 2021 17:24

I don't think you can just log into the portal in isolation, I think you need to follow the special link which then takes you to the login screen.

I've logged in and seems to be working fine for me. The link is within the guidance HMRC published today - see accountantccole link below, scroll down in that link to the green "john the scheme" button.

Its the same for enrolling with Customs Declaration Service for postponed import VAT accounting, HMRC publish a link that forces you to login first, its quite tricky finding the CDS enrolment page on its own, seems to be the way now.

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Replying to Jason Croke:
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By frankfx
23rd Feb 2021 18:06

The special link is not on the gateway portal.
There is an absence of
"updated guidance "
at the point action is required.

Thank you for the responses.

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