In this edition of VAT updates, Graham Elliott considers HMRC’s VAT easements, a suppression of sales case and the challenging concept of fiscal neutrality
Covid-19 VAT easements
HMRC has announced the following easements to take account of the C19 virus impacts:
- Making Tax Digital requirements for digital links between each part of the digital records will be delayed for one year from the date previously announced: paragraph 4.2.1.1 of Notice 700/22.
- Forms and correspondence generally submitted by surface mail should now be sent by email only.
- The payment suspension is fairly well understood by now, but the following is the broad detail:
Q: What payments are covered by this announcement?
A: All payments of VAT to HMRC due between 20 March 2020 and 30 June 2020 can be deferred until 31 March 2021. This includes:
