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Reminder to businesses wishing to defer their VAT payments

  • GB
  • April 29th 2020
  • By Mark Cranwell

The tax authority, HMRC, has published advice to businesses which decide to defer the VAT payment due on 7 May 2020. In particular, HMRC reminds those businesses which normally pay by Direct Debit that they must contact their banks to ensure that the Direct Debit is cancelled, in order to ensure that their payments are not drawn automatically.

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