Covid-19 - VAT return deferral and Direct Debits
In our newsbyte “Cashflow Benefit- temporary suspension of VAT returns to HMRC” on 23 March, we outlined the HMRC measure that allows UK business to defer VAT return payments that fall due to HMRC on or before 30 June 2020.
VAT returns which ended on 31 March would normally be payable to HMRC this week or next week depending on whether you have to make Payments on Account and if you do decide to defer payment please remember that it will be necessary for you to take action to cancel any Direct Debit arrangement that you have in place for your VAT returns.
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