VAT News

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.

For the avoidance of doubt, the content recorded in this news article does not constitute formal advice and we do not guarantee the accuracy of any information provided at the time of reading. It is always recommended that you seek professional advice before acting on any of the news articles or information included.   


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