29/06/2020
The period for deferral of VAT payments, given as part of the Coronavirus relief, comes to an end this month.
Payment of VAT falling due between 20 March and 30 June 2020 can be deferred until 31 March 2020. However, VAT returns with a payment due date after 30 June must be paid in full, on time.
If you haven’t deferred any VAT payments, you don’t need to take any further action.
Where VAT has been deferred and would normally be paid by Direct Debit, it will now be necessary to reinstate the instruction. This must be done at least three working days before submitting the VAT return in order for HMRC to take payment.
For further details go to GOV.UK and search for ‘Pay your VAT bill’.
HMRC reminds businesses that VAT payments that were deferred under the emergency measures should be paid in full on or before 31 March 2021. You can make ad-hoc payments or additional payments with your subsequent VAT returns to reduce the amount outstanding, if you wish.
Businesses that cannot pay the VAT due should contact HMRC before the payment is due to discuss additional time to pay.