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COVID-19: interest and surcharge rules relaxed for deferred VAT

  • Section 135 Finance Act 2008 provides that, in the case of a disaster or emergency specified by the Treasury as having national significance, no interest or surcharges will be charged where HMRC has agreed to defer payments of tax.
  • Section 135(4) of the Act defines the period over which relief is extended.

Source gov.uk

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