News

11th June 2020

Covid-19 Update 11th June 2020

COVID-19 Update - VAT Deferment Ending 30th June 2020.

Hello,

I put an email out last night regarding this which unfortunately was incorrect.

The final VAT Return payment that will be automatically deemed deferred if not paid will be the quarter ending 30th April 2020 not the 31st May 2020 Return as I stated. This is because the scheme ends on the 30th June 2020 and the due date for payment of the May 2020 VAT return would be 10th July and therefore after the scheme has closed.

My sincere apologies for my mistake on this.

We have spoken with the Time to Pay team this morning about the approach they will be taking with VAT liabilities due after 30th June and they have advised that they are "there to help" but that you as clients will need to contact them to discuss what arrangements can be put in place.

https://www.gov.uk/difficulties-paying-hmrc

Wishing you all well as always.

Very best

Nick Hunt