Deferred VAT payment

Jan 22, 2021 | Business, HMRC

The deferred VAT payment from last March-June, must be paid by 31/3/21. If you cannot pay HMRC are offering an interest free payment scheme, paying monthly between March 2021-March 2022 to help.

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The latest news from PMC Partnership incorporating Pomfreys Accountants – 8th August 2025

Regarding electric vehicles & tax allowances, if used for business, both self employed and Limited company businesses benefit from 100% first year capital allowances to help with their tax liability. This reduces to 18% of the cost price per year for used electric vehicles. Also you can claim 100% of the VAT for electric cars if used solely for business, when usually this is restricted to 50% for non electric cars.

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