Coronavirus Update: VAT Deferral

The Government have initiated support for business by a VAT deferral scheme. If you are a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, this can be deferred for a period up to 31 March 2021, without any penalties. This will effectively cover VAT Returns to February, March and April 2020. You will need to submit your VAT Return as usual but no action is required to defer the payment unless you have a direct debit in place, which you will need to cancel if you do want to defer the payment. Repayments will be issued as normal. You can of course still continue to make your VAT payments as normal if you prefer to.

If you would like further guidance on how to defer any other tax, please see our guide here.