In keeping with their gradual shift towards a more digital-based approach, HMRC have recently introduced the option for VAT registered businesses to set up VAT payment plans online. Businesses should be able to setup a VAT payment plan through their online business tax account, in the following situations:They have filed their latest VAT return.They HMRC owe VAT of £20,000 or less.They are submitting the payment plan request within 28 days of the payment deadline.They do not have any other payment plans or debts with HMRC.The payment plan debt is scheduled to be paid off within the next six months.
Source: saffery.com
