In the run up to the 15th April 2020 businesses who are importers of goods into the UK and who use a Duty Deferment Account were able to make an application to HMRC to agree an extension to the payment of that VAT liability. This relief has now been extended to include the next Import VAT payment date of the 15th May.
Source: centurionvat.com
Latest Posts in "United Kingdom"
- Property TOGCs Under the Microscope: Navigating VAT Conditions and HMRC Expectations
- Fintua Sponsors Indirect Taxes Annual Conference 2025 in London (Nov 12)
- VAT Hike Would Cause Biggest Economic Damage, Leading Economists Warn Chancellor
- HMRC Clarifies VAT Treatment of Overage Payments on Land Sales
- VAT Error Correction: Amending Returns, Claiming Refunds, and Avoiding Penalties
