VAT payments can be deferred for up to 3 months. Again, all UK businesses will be eligible and the scheme will run between 20 March 2020 and 30 June 2020. There is no need to apply for this scheme. Businesses will be given until the end of 2020/2021 to settle outstanding VAT liabilities that have accumulated as a result of the 3-month deferral.
VAT Returns should still be filed on due dates. Penalties and surcharges will apply for late submissions.
If you are unable to pay the VAT then Direct Debit should now be cancelled.
