In order to ease the cash flow burden on businesses in the coming weeks, HMRC have announced that they will temporarily defer VAT payments
When?
The deferral will apply from 20th March 2020 until 30th June 2020
Eligibility
All UK businesses are eligible
How to access the scheme
This is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period. Taxpayers will be given until the end of the 2020 to 2021 tax year to pay any liabilities that have accumulated during the deferral period. VAT refunds and reclaims will be paid by the government as normal.
Please note: It is only the VAT payment that is deferred. VAT registered businesses must still submit their VAT returns before the relevant deadline.
