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The recent announcement of a package of support for businesses was very welcome news. The deferral of VAT payments in the period 20th March to 30th June gives an immediate boost to cash flow as taxpayers will not need to make a VAT payment during this period. However, in the absence of anything explicitly to the contrary, everything else is “business as usual” and VAT returns must still be submitted on time.
To download B&B Coronavirus VAT Deferral Update 1 April 2020, click here