March 25th, 2020 / Insight posted in Articles

Coronavirus: support on negotiating time to pay

The government is supporting businesses by deferring VAT payments and self-assessment payments for six months. VAT payments being deferred will not now need to be made until the end of the tax year.

The ICAEW shares guidance here on how to negotiate with HMRC.

HMRC has published a tax helpline to support businesses concerned about paying their tax due to Coronavirus. Visit the site here for more information.