Deferral of VAT payments due to coronavirus (COVID-19)

HMRC has released further guidance on the COVID VAT deferral, including:

• It does not cover VAT MOSS payments.
• HMRC will not charge interest or penalties on any amount deferred as a result of the Chancellor’s announcement.
• You will still need to submit your VAT returns to HMRC on time.
• HMRC will continue to process VAT reclaims and refunds as normal during this time.
• If you choose to defer your VAT payment as a result of coronavirus (COVID-19), you must pay the VAT due on or before 31 March 2021.