VAT deferral payments deadline looms, is your business prepared?
On 31 March 2021 VAT deferral payments (related to the periods between 20 March and 30 June 2020) related to coronavirus become due.
Funds can be paid in full on this date or businesses can sign up to a service that allows them to make 11 smaller monthly payment instalments, with related liabilities being cleared by the end of March 2022.
In 2020 many businesses could not have envisaged the continued disruption to business that has followed, for some businesses there just simply has not been enough trading hours to recover.
If you are struggling and are unable to pay your deferred VAT contact HMRC today!
For more information: https://www.gov.uk/difficulties-paying-hmrc
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