Deferral of VAT payments due to coronavirus (COVID-19)

HMRC has confirmed that all payments of VAT to HMRC due between 20 March 2020 and 30 June 2020 can be deferred.

You have the option to:

• defer the payment until a later date (31 March 2021)
• pay the VAT due as normal

It does not cover payments for VAT MOSS or import VAT.

Charity Tax Group has clarified what this includes:

• Payment for quarterly returns ending 29 February due 7 April,
• Payment for quarterly returns ending 29 March due 7 May,
• Payment for quarterly returns ending 29 April due 7 June,
• Payment for monthly returns due in this period
• Payments on account due in this period
• Annual Accounting advance payments.

HMRC will not charge interest or penalties on any amount deferred as a result of the Chancellor’s announcement.

Read Charity Tax Group's post here.

Or read the guidance from government in full here.