February 23, 2021

The VAT Deferral Scheme
February 11th saw HMRC announce their next COVID-19 support scheme for businesses, the VAT Deferral Scheme. Designed to help with cash flow, the scheme allows businesses to defer their VAT liabilities generated between the 20th of March and 30th of June 2020. In this blog we explore the scheme further, explain how to register, and give you other essential information. How does the new scheme work? The full deferred VAT payment was due to HMRC [...]