UPDATED 30 March 2020

Deferred VAT Payments: If you’re a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to:

  • defer the payment until a later date
  • pay the VAT due as normal

Note – It does not cover VAT MOSS payments. HMRC will not charge interest or penalties on any amount deferred as a result of the Chancellor’s announcement. You will still need to submit your VAT returns to HMRC on time.

If you choose to defer paying your VAT: If you choose to defer your VAT payment as a result of coronavirus (COVID-19), you must pay the VAT due on or before 31 March 2021. You do not need to tell HMRC that you are deferring your VAT payment.

Payments made by Direct Debit: If you normally pay by Direct Debit you should contact your bank to cancel your Direct Debit as soon as you can, or you can cancel online if you’re registered for online banking.

After the VAT deferral ends: VAT payments due following the end of the deferral period will have to be paid as normal. Further information about how to repay the VAT you’ve deferred will be available soon.

Government will continue to pay VAT refunds and VAT reclaims as normal for eligible claims. This will assist cash flow support and help businesses retain staff.

How to access: This is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period

TAX Helpline – 0800 0159 559: If you are concerned about paying your TAX due to coronavirus, you can call HMRC’s helping for help and advice – 0800 0159 559

Further Information Link: https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus- covid-19

Above is a summary of the scheme detail. The above link should be referred to for full details of the scheme.