Deferral of VAT payments due to Coronavirus (COVID-19)
If you’re a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to:
- defer the payment until a later date
- pay the VAT due as normal
HMRC will not charge interest or penalties on any amount deferred as a result of the Chancellor’s announcement.
If you choose to defer your VAT payment as a result of coronavirus, you must pay the VAT due on or before 31 March 2021.
You do not need to tell HMRC that you’re deferring your VAT payment.
For further information on deferral of VAT payments visit: https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19
Deferral of Self-Assessment payments due to Coronavirus (COVID-19)
The deadlines for paying your tax bill are usually:
- 31 January – for any tax you owe for the previous tax year (known as a balancing payment) and your first payment on account
- 31 July for your second payment on account
Because of coronavirus (COVID-19), you can delay making your second payment on account. If you choose to delay, you’ll have until 31 January 2021 to pay it.
For further information on deferral of Self-Assessment payments visit: https://www.gov.uk/pay-self-assessment-tax-bill
If you cannot pay your tax bill on time
Contact HM Revenue and Customs (HMRC) as soon as possible if you have missed your payment. How you contact HMRC depends on what you need to pay.
Because of coronavirus you may be able to delay (defer) some tax payments without paying a penalty. You can:
- delay VAT payments due before 30 June 2020 until 31 March 2021
- delay your Self Assessment payment on account due in July 2020 until 31 January 2021
Contact the HMRC coronavirus (COVID-19) helpline if you cannot pay any other tax bills because of coronavirus.
If you are self-employed and have lost income because of coronavirus, you may be able to claim a grant through the coronavirus (COVID-19) Self-employment Income Support Scheme when it launches. HMRC will contact you if you’re eligible.
For further information visit: https://www.gov.uk/difficulties-paying-hmrc