The VAT deferral that was available for VAT due between 20 March 2020 and 30 June 2020 will end for any payments that are due after 30 June 2020. VAT due for VAT periods ending on or after 31 May 2020 will therefore need to be paid as normal. It may be necessary to resinate direct debits if these have been cancelled.
VAT that was due between 20 March 2020 and 30 June 2020 and has been deferred will need to be paid to HMRC by 31 March 2021.
Time to pay arrangements remain available for businesses in financial distress in which case the HMRC coronavirus helpline should be contacts on 0800 024 1222.
For further information please contact Jane Stacey.