diff --git a/packages/p2p-v2/package.json b/packages/p2p-v2/package.json
index 547d1617b8d5..ffc7148d529e 100644
--- a/packages/p2p-v2/package.json
+++ b/packages/p2p-v2/package.json
@@ -16,7 +16,6 @@
         "@deriv/api": "^1.0.0",
         "@deriv/integration": "^1.0.0",
         "@deriv/react-joyride": "^2.6.2",
-        "@deriv/utils": "^1.0.0",
         "@sendbird/chat": "^4.9.7",
         "clsx": "^2.0.0",
         "i18next": "^22.4.6",
diff --git a/packages/p2p-v2/src/utils/time.ts b/packages/p2p-v2/src/utils/time.ts
index b4626cf070a5..b8bfd7f62de7 100644
--- a/packages/p2p-v2/src/utils/time.ts
+++ b/packages/p2p-v2/src/utils/time.ts
@@ -1,4 +1,28 @@
-import { toMoment } from '@deriv/utils';
+import moment from 'moment';
+
+/**
+ * Function that converts a numerical epoch value into a Moment instance
+ */
+export const epochToMoment = (epoch: number) => moment.unix(epoch).utc();
+
+/**
+ * Function that takes a primitive type and converts it into a Moment instance
+ */
+export const toMoment = (value?: moment.MomentInput): moment.Moment => {
+    if (!value) return moment().utc(); // returns 'now' moment object
+    if (moment.isMoment(value) && value.isValid() && value.isUTC()) return value; // returns if already a moment object
+    if (typeof value === 'number') return epochToMoment(value); // returns epochToMoment() if not a date
+
+    if (/invalid/i.test(moment(value).toString())) {
+        const todayMoment = moment();
+        const daysInMonth = todayMoment.utc().daysInMonth();
+        const valueAsNumber = moment.utc(value, 'DD MMM YYYY').valueOf() / (1000 * 60 * 60 * 24);
+        return valueAsNumber > daysInMonth
+            ? moment.utc(todayMoment.add(value.valueOf(), 'd'), 'DD MMM YYYY')
+            : moment.utc(value, 'DD MMM YYYY'); // returns target date
+    }
+    return moment.utc(value);
+};
 
 /**
  * return the number of days since the date specified