HMRC has updated the guidance on deferring VAT payments by adding information on penalties or interest that may be charged if you do not pay in full, or make an arrangement to pay.  There is also information on how you may still be able to avoid these charges.

The key point is that businesses may be charged a 5% penalty or interest if they do not pay in full or make an arrangement to pay by 30 June 2021.

Read about deferral of VAT payments here.