VAT: HMRC update guidance on deferred payments

HMRC have updated their guidance on paying VAT that was deferred due to the coronavirus, which can now be paid using the VAT deferral new payment scheme.

In particular, a new section on ‘Correcting errors on your VAT returns relating to the VAT payments deferral scheme’ has been added along with information on how to defer any extra payments resulting from error corrections and HMRC VAT assessments.

View the updated guidance Pay VAT deferred due to coronavirus (Covid-19).

Sign up to receive free updates on VAT, E-commerce, Tax, Accounting and more!

Contact TB Accountants