COVID-19 - THE VAT PAYMENT DEFERRAL PERIOD ENDS ON 30 JUNE 2020

 

THE VAT PAYMENT DEFERRAL PERIOD ENDS ON 30 JUNE 2020


This means you will need to:

 

set-up cancelled direct debits in enough time for HMRC to take payment

submit VAT return as normal, and on time

pay the VAT in full on payments due after 30 June


Any VAT payments you have deferred between 20 March and 30 June should be paid in full on or before 31 March 2021.  You can make additional payments with subsequent returns.

You will need to contact HMRC:  

if you are unable to pay the VAT due and may need time to pay as soon as possible and before the payment is due

for advice and information on other support available


If you are a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to:
 

defer the payment until a later date

pay the VAT due as normal

 

HMRC will not charge interest or penalties on any amount deferred as a result of the Chancellor’s announcement. 


Please also see:

https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19?utm_source=eef7ab69-ec97-491f-8487-4e3eef504130&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate


Take care, stay safe.