VAT Deferred Period – HMRC VAT Direct Debits

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The VAT payment deferral period, which was introduced as a measure to ease financial pressure on businesses during the COVID-19 pandemic, ends on 30 June 2020.  Any liabilities that fall due on or after 1 July 2020 should be paid in full by the due date, unless there is a time to pay arrangement in place.

Businesses will need to consider setting up any cancelled direct debits in enough time for HMRC to take their next VAT payment. 

Any deferred VAT payments should be paid in full on or before 31 March 2021. Additional payments can be made with subsequent returns.

If you have any questions, our team of expert Accountants would be happy to assist.

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