News Update - Extension to MTD 'Soft Landing' period as a result of COVID-19 (HMRC communication dated: 1st April 2020)

COVID-19 is creating extremely difficult times for all, and we are committed to helping in every way possible all those businesses facing unprecedented challenges.

Therefore, we are providing all MTD businesses with more time to put in place digital links between all parts of their functional compatible software. This means that all businesses now have until their first VAT return period starting on or after 1 April 2021 to put digital links in place.

News Update - Deferral of VAT payments as a result of COVID-19 (HMRC communication dated: 27th March 2020)

The Chancellor announced a VAT payments deferral on 20 March 2020 to support businesses with cashflow during the COVID-19 pandemic.

This means that all businesses with a UK VAT registration have the option to defer VAT payments due between 20 March 2020 and 30 June 2020. Businesses have until 31 March 2021 to pay any VAT deferred as a result of this announcement.

Businesses do not need to inform HMRC if they wish to defer payment. They can opt in to the deferral simply by not making VAT payments due in this period.

Businesses who normally pay by direct debit should cancel their direct debit with their bank if they are unable to pay. This can be done online if they’re registered for online banking. They should do so in sufficient time so that HMRC does not attempt to automatically collect on receipt of their VAT return.

Should they wish, businesses can continue to make payments as normal during the deferral period. HMRC will also continue to pay repayment claims as normal. Businesses must continue to submit VAT returns as normal.

For more information please go to GOV.UK and search “Deferral of VAT payment”.

How to Contact HMRC

  1. VAT Telephone Helpline: 0300 200 3700
  2. [Click Here] VAT On-Line General Enquiries

HMRC Service Availability

Planned Maintenance Schedule

  1. None Planned.

For further information, see HMRC link below:
[Click Here] Making Tax Digital for VAT: service availability and issues

HMRC Documentation on Making Tax Digital & useful Web Links

[Click Here] Making Tax Digital for VAT as a Business: Step by Step

[Click Here] Making Tax Digital for VAT as an Agent: Step by Step

[Click Here] VAT notice 700/22

[Click Here] How VAT businesses and other VAT entities can get ready

[Click Here] Sign in to your HMRC online account using the Government Gateway

[Click Here] HMRC Transaction Monitoring Privacy Notice

HMRC Videos on Making Tax Digital

[Click Here] How does Making Tax Digital for VAT affect you?

[Click Here] Making Tax Digital for VAT - What is compatible software?

[Click Here] Digital Record Keeping for VAT

[Click Here] Creating an Agent Services Account