Featured Posts
Posts are coming soon
Stay tuned...
Recent Posts

VAT DEFERRAL

For VAT, the deferral will apply from 20 March 2020 until 30 June 2020.

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.

Customers who normally pay by direct debit should cancel their direct debit with their bank if they are unable to pay. Please do so in sufficient time so that HMRC do not attempt to automatically collect on receipt of your VAT return.

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

Archive
Search By Tags
No tags yet.

iCloud Accounting Specialists

To help you with your transition to making tax digital, we can advise and help you choose a Cloud based accounting package perfectly suited to your business