WHENDeferral available now, from 20 March 2020 to 30 June 2020.
DEFERRAL OPTIONSIf you a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the options of:
HOW TO APPLYYOU DO NOT NEED TO APPLY or inform HMRC that you are deferring your payment, You will however still need to submit your VAT returns to HMRC on time, as usual.
If you normally pay by direct Debit, you should cancel this payment ASAP if you are deferring payment, just in case HMRC's systems attempt to automatically collect on receipt of the VAT return.
REPAYMENT AND FEESDeferred VAT must be paid by 31 March 2021
IMPORTANT - CAUTIONARY NOTE: This is a deferment, you will still be responsible for paying 100% of the VAT due, and should consider the impact on current and future cash flows and borrowing
FURTHER SUPPORT WITH TAXESHelp is also available with other taxes - see our separate guidance
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