Many businesses are concerned about VAT payments becoming due in very difficult business circumstances and HMRC have announced a special coronavirus helpline to discuss all tax payments.
The number is 0800 0159 559 and our recommendation is that all businesses concerned about tax payments should call to discuss potential deferral of payments.
Key issues to stress when speaking to HMRC are:
If you have direct debit arrangements with HMRC for tax payments you may need to review these in order to avoid unexpected payments being taken.
Please contact your usual Bishop Fleming contact to discuss further.