|•All UK VAT registered business||• Need to make VAT payments in
the period 20 March 2020 to 30
It does not cover payments for VAT MOSS or import VAT
Can opt for this benefit
|When to pay||Benefits|
|•Businesses will need to catch up on their VAT payments due on or before 31 March 2021||•This deferral scheme will ease cash flow.
•HMRC will not charge interest or penalties on any amount
•The government will continue to pay VAT refunds.
*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.