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Covid-19 - Deferral of VAT payments.

Posted by Admin Posted on 27 Mar 2020

HMRC have announced further details on the deferral of VAT payments due between 20th March and 30th June 2020. Payment may be deferred until 31st March 2021 without penalties or interest being charged. You do not need to notify HMRC you are doing this, but you must cancel any direct debit instruction in place, otherwise HMRC will take payment as normal. VAT returns still need to be submitted on time and HMRC will process refunds as normal.