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CORONAVIRUS – VAT Deferral – Remember to Cancel your Direct Debit!

All businesses with a UK VAT registration have the option to defer VAT payments due between 20 March and 3‌0‌‌ June. You therefore have until 3‌1‌‌ March 2021 to pay any VAT deferred as a result of this announcement. You do not need to inform HMRC if you wish to defer payment. You can opt…Read More

Making Tax Digital (MTD) – VAT

From April 2019, if you are VAT registered with a turnover in excess of the VAT registration threshold (currently £85,000) and you keep your accounts records ‘electronically’ (on an accounts package or on a spreadsheet) then the submission of VAT returns will have to be done via the software you use. You will no longer…Read More