VAT returns and payment deferral

As previously reported, any VAT falling due for payment between 20th March and 30th June can be deferred to 31st March 2021.

VAT returns and payment deferral

As previously reported, any VAT falling due for payment between 20th March and 30th June can be deferred to 31st March 2021.

Deferral is optional and HMRC have confirmed they will not automatically cancel any direct debit mandates meaning payment will be taken unless you cancel it. We advise all VAT registered business to cancel their direct debit immediately if they wish to defer payment. This can be done through your bank or through your HMRC online portal.

VAT returns are still due to be filed on time as usual; it is only the payment that is deferred.