VAT payments for all UK businesses deferred for 3 months but now ended.
The government has automatically deferred business payments for Valued Added Tax (VAT).
The deferral applies from 20 March 2020 until 30 June 2020.
All UK businesses are eligible.
Payments made by Direct Debit
See above about reinstating your direct debit mandate from 30 June, if you use that method of payment. https://www.gov.uk/guidance/deferral-of-vat-paymen...
Income Tax payments have been deferred until 2021
Your Self- Assessment payment on account, that is ordinarily due to be paid to HMRC by 31 July 2020 may now be deferred until January 2021.
If you were due to make a Self-Assessment payment on account on 31 July 2020 then you are eligible for the deferment.
The deferment is optional - anyone able to pay their second self-assessment payment on 31 July 2020, should still do so.
The government has now further extended the deferment by allowing taxpayers who deferred their July 2020 Income Tax payments on account to 31st January 202,1 and who have non-deferred tax payments due under self-assessment on 31st January 2021 to pay these over a twelve-month period. This applies to taxpayers with liabilities due under self-assessment on 31st January 2021 of up to £30,000.
How to access the scheme
HMRC Coronavirus Helpline
Telephone: 0800 024 1222
Monday to Friday, from 8 am to 8 pm https://www.gov.uk/pay-self-assessment-tax-bill
Rates holiday for businesses
There is a four-month rates holiday for all business ratepayers, excluding public sector and utilities. The effect of this is that no rates will be charged for April, May, June and July 2020. This will be shown as a discount on the annual rate bill for business ratepayers.
Rates relief for specific sectors
In addition, the sectors hardest hit by the coronavirus pandemic will pay no rates for the full financial year up until 31 March 2021. Those sectors are: