The deadline to pay your VAT bill will be shown on your VAT return. If you make monthly or quarterly VAT submissions, then the payment deadline is usually one calendar month and seven days following the end of the VAT period that the return relates to.
For example, if your VAT period ends 31 March, the deadline to pay what you owe is 7th May.
Some businesses find that using a different VAT accounting scheme can help them to manage their cash flow and pay VAT bills more easily. Choosing an appropriate scheme will depend on your business.
For example, using the VAT Cash Accounting Scheme means that you’ll only pay VAT based on the date you received payment from your customer, rather than the date on the invoice. This can help if you have clients who are regularly late paying their bills, or dealing with reclaiming VAT if they never pay at all.
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About The Author
MAAT and ICPA accountant, with a passion for making accountancy and bookkeeping accessible. Other interests include cloud-based software development for web and mobile access, keeping fit, reading, and entrepreneurship.