VAT Deferral Scheme – NETP’s can qualify
What is a NETP? – It’s a non-established taxable person (overseas business) that is VAT registered here in the UK as they are making supplies here within the VAT regime even though they do not have a place of business here. The good news is that the VAT Deferral scheme for VAT payments due in the period from the 20 March to the 30 June 2020 would include VAT payments from these registrations as well.
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 should seek professional advice before acting on any of the news articles or information included.