This briefing covers measures announced as at 20 March 2020.
As well as being concerned for the health and welfare of their staff, many businesses will be looking at the impact of the current health emergency on their businesses. With a contraction in available cash we expect that many businesses will need to look at VAT as one of the largest tax flows in the business.
In addition to the potential need to defer the payment of VAT return liabilities, there are a number of ways that VAT can positively impact on the business, many of which can be forgotten in easier trading environments.
Source: BDO
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