HMRC have announced that there will be changes to VAT payments to help businesses cope during the Coronavirus (COVID-19) outbreak.
If your VAT payment is due between 20th March 2020 and 30th June 2020 you have the option to defer the payment to a later date. But you can still pay the VAT as normal if you wish.
There are a few exclusions to this which can been found on the HMRC website.
According to HMRC:
“If you choose to defer your VAT payment as a result of coronavirus (COVID-19), you must pay the VAT due on or before 31 March 2021.
You do not need to tell HMRC that you are deferring your VAT payment.”https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19
However if you normally pay by direct debit then this will need to be cancelled should you wish to defer VAT payments.
Please note: This article is intended to be an explanation of general principles and is not directed as advice for your particular situation. Please always check with qualified professionals regarding your business.