VAT DEFERRAL ADVICE
VAT DEFERRAL ADVICE (please disregard if you are not VAT registered)
HMRC will be supporting businesses during COVID-19 by deferring VAT payments for 3 months. The deferral will apply from 20 March 2020 until 30 June 2020. All UK business are eligible and there is an automatic offer with no application required.
Current guidance is that businesses will still need to submit their VAT returns but will not need to make a VAT payment during this period. Advice given by the helpline today is that business who wish to take advantage of the deferral will need to cancel their VAT direct debit with their bank.
If you are struggling to pay previous payment plans (not covered by the deferral period) you will need to call the dedicated line detailed below to discuss your options.
If you need any assistance with your VAT returns or rearranging payment plans, our business support team are working remotely and able to help. If we already assist you, rest assured that we will continue throughout this period. Please contact us on our usual number or alternatively Joanne Waddicker, Director of Beech Business Services on 07792 766701.