Details about VAT Deferral

Tiwem4780717 Mar, 2022Finance

Payments such as those related to Import VAT, Custom duties, Machine games duty, Insurance premium tax etc. are not covered under this announcement and hence businesses must pay these taxes/duties as per the prevailing norms. Also, payers on Mini One-Stop-Shop (MOSS) returns are not included in this scheme. This special measure does not apply to VAT due to be paid in relation to disclosures and assessments due to HMRC.