SME Businesses & Sole Traders: VAT Deferral
The following information is based on the information publishes as of 26 March.
The UK government is supporting businesses during the coronavirus pandemic by deferring VAT payments to improve businesses cash flow. VAT payments due before 30 June 2020 will not need to be made until 31 March 2021. No application is needed but you need to ensure that direct debit mandates are cancelled well in advance.