
Coronavirus: deferring your VAT payments
The VAT payment deferral announced by the Chancellor means that no business will have to make any VAT payments between 20 March 2020 and 30 June 2020
23 March 2020
The VAT payment deferral announced by the Chancellor on Friday 20 March means that no business will have to make any VAT payments between 20 March 2020 and 30 June 2020, and amounts falling due during this period will not need to be paid to HMRC until the “end of the 2020/21 tax year” (assumed to be 31 March 2021).
Points to note are:
If you wish to discuss your VAT arrangements, please contact a member of our VAT team.