The VAT payment deferral period ends on 30 June 2020. Businesses liable to pay VAT therefore should:
- set-up cancelled direct debits in enough time for HMRC to take payment;
- submit VAT returns as normal; and
- pay the VAT in full on payments due after 30 June.
Note that the VAT shown as due on a business’s May VAT return is not covered by the deferral because the deadline for receipt of the return and payment is 7 July. If they are unable to pay the VAT due, taxpayers should contact HMRC as soon as possible before the payment is due to discuss putting in place a time-to-pay arrangement.
Any VAT payments that have been deferred between 20 March and 30 June should be paid in full by 31 March 2021.
