VAT deferred

Don’t pay your VAT just yet

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VAT payments that due between 20 March 2020 and 30 June 2020 can be deferred until on or before 31 March 2021 – a great cashflow boost for your business. ⁠ ⁠

If you want to take advantage of this, make sure you have cancelled any direct debits that have been set up, else the payment will still be taken from your account. ⁠ ⁠

And don’t for get that whilst the payments can be deferred, the VAT returns still need to be filed. ⁠ ⁠

Read the full details from HMRC: https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19 

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