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The VAT Deferral New Payment Scheme

Posted: 23rd Feb 2021 by Clair Watmore Business Advice General, Coronavirus, Taxation

Any business that deferred VAT payments due between 20 March and 30 June 2020 as a result of the Coronavirus pandemic, must now consider how they will repay this outstanding tax. They can choose from the following options in order to do this: Pay the deferred VAT in full by 31 March 2021; Join the… Read more