Business February VAT returns require filing
Business February VAT returns require filing
& your HMRC direct debit cancelling.
The recently announced VAT holiday will give firms valuable breathing space as they fight to stay afloat during the epidemic, which has ripped across the world.
February VAT returns are within the deferral period for payment but need to be filed by the due date of 7th April 2020.
You should cancel your direct debit with HMRC or they will collect payment and your business will not be able to claim a refund.
If you have any queries regarding your VAT liability or anything VAT related, please speak with your accountant.
If you want any alternative advice on how to improve your financial supply chain, please contact us on 01375 851 346 or by emailing us at info@ugroup.co.uk. We will be able to advise and assist you with the process.
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