The VAT payment deferral period ends on 30 June 2020
This means you’ll need to:
- set-up cancelled direct debits in enough time for HMRC to take payment
- submit VAT returns as normal, and on time
- pay the VAT in full on payments due after 30 June which will be May period ends, including those now in preparation.
Any VAT payments you have deferred between 20 March and 30 June should be paid in full on or before 31 March 2021. You can make additional payments with subsequent returns.
If you have any queries, just get in touch with your usual Sagars contact.