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United Kingdom · Question · Written question

UIN 142029

VAT

answeredUnited Kingdom· UK Parliament· EN

Introduced

22 January 2021

Last action

27 January 2021 · Answer

Status

Answered

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Discovery layer

Source updated

27 January 2021

Summary

To ask the Chancellor of the Exchequer, what estimate his Department has made of the value of deferred VAT payments under the Deferral Scheme for VAT that will become payable on or after 1 December 2020.

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Timeline

  1. 22 January 2021

    Written question

    To ask the Chancellor of the Exchequer, what estimate his Department has made of the value of deferred VAT payments under the Deferral Scheme for VAT that will become payable on or after 1 December 2020.

    Source: Commons

  2. 27 January 2021

    Answer

    Approximately £34bn of the VAT that was due between 20 March and 30 June 2020 was deferred until 31 March 2021. Some businesses have started to pay deferred VAT ahead of 31 March 2021 but most of the £34bn remains outstanding. Businesses can pay deferred ...

    Source: Written answer

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