07 Apr

For UK VAT registered businesses that have a VAT payment due between 20th March 2020 and 30th June 2020, there are two options:

  • defer the due payment until the latest of 31st March 2021
  • pay the VAT due as normal

There is no interest or penalties on the deferred VAT.

VAT returns must continue to be prepared during the  deferral period.

Direct Debits to pay the VAT should be cancelled if the deferral option is taken

Government guidance on VAT

By the publications team at: Contracts-Direct.com

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