Deferred vat from 2020? what are your options now?
1 1, 2021February 1, 2021
If you are one of the businesses that, in the first phase of the COVID-19 situation, took advantage of HMRC’s allowance for the deferral of the payment of your VAT return in the April to June 2020 period, have you already brought your account up to date with HMRC ? Or are you currently trying to calculate how you can resolve any remaining balance by 31st March 2021 – in the midst of a further ‘lockdown’?
Following a recent announcement, there are now options for businesses in terms of deferring full payment through to March 2022 – see our blog on the details below!