HMRC has updated its guidance Deferral
of VAT payments due to coronavirus (Covid-19) to note that the
temporary VAT deferral period ends on 30 June 2020. The guidance advises businesses
to set up direct debits in enough time for HMRC to take payment, to submit VAT
returns as normal and to pay the VAT in full on payments due after 30 June. Any
VAT payments deferred between 20 March and 30 June 2020 should be paid in full
on or before 31 March 2021.
HMRC has updated its guidance Deferral
of VAT payments due to coronavirus (Covid-19) to note that the
temporary VAT deferral period ends on 30 June 2020. The guidance advises businesses
to set up direct debits in enough time for HMRC to take payment, to submit VAT
returns as normal and to pay the VAT in full on payments due after 30 June. Any
VAT payments deferred between 20 March and 30 June 2020 should be paid in full
on or before 31 March 2021.
