COVID-19 Calls for VAT Cuts

Back on 20 March the UK’s Chancellor made a statement announcing the delay on payment of VAT returns between the period of 20 March and 30 June 2020 to all VAT registered businesses.

Guidance on the postponement of payments, exemptions and confirmation that the deferral is until 31 March 2021 can be found on HMRC’s website.

The UK has implemented measures to ensure businesses have flexibility during the effects of Coronavirus, but COVID-19 is affecting the entire world. When it comes to tax, countries are making decisions to enforce emergency tax breaks, VAT cuts and filing deadline extensions in a bid to support economies. Avalara shares the global measures as they are to date country by country here.

Source: HMRC and Avalara

Interest piqued?

    Complete this form to get notifications sent straight to your inbox

  • By selecting ‘Sign up’ you consent to our Terms of Use and Privacy Policy. You agree to receive emails from Innovate Tax about its products and services and can opt out of notifications at any time. We will never share your details with any other third party.

  • * required information

Rather speak to someone? No problem.

Click below to schedule a call back from one of our specialists at a time to suit you.

Speak to us