Managing your VAT cashflow during a social and economic (Coronavirus) crisis

As the country grinds to an advised halt, with offices, shops, restaurants and businesses either closing or moving to remote working where possible, you may already be thinking about how the slowing down of the economy will impact on your cashflow. Indeed, since our first comments on the health crisis unfolding across the world, further restrictions on our movements, social distancing are now in place and schools are now closed. Below, we have set out several ways that you can manage cashflow in relation to your VAT obligations.

Source: mazars.com

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