The Government announced that for VAT, the deferral will apply to any VAT payments due from 20 March 2020 until 30 June 2020.
This is an automatic offer with no applications required. No UK Business will need to make a VAT payment during this period and has until 5 April 2021 to pay any liabilities that have accumulated during the deferral period. VAT refunds and reclaims will be paid by HMRC as normal.
HOWEVER…..
HMRC announced yesterday that businesses who normally pay by direct debit should cancel their direct debit with their bank if they do not want to pay.
SO ACT NOW
and cancel in sufficient time so that HMRC do not attempt to automatically collect on receipt of your VAT return. But remember to reinstate in time for payments July onwards !