Updated 24/03/2020

Under new measures announced by the government, VAT payments will be suspended for three months for businesses.

Announced last week, businesses will see any VAT payments next quarter deferred for three months.

The deferral scheme is aimed at giving businesses struggling because of the COVID pandemic breathing space.

It means that no business will pay VAT from now to mid-June and you will have until the end of the financial year to pay it.

How do I apply?

With businesses not having to pay VAT between 20 March and 30 June 2020, the scheme will be applied automatically and there will be no application required from businesses to benefit.

Our team are standing by to help businesses during this difficult time and are here to help you and take the strain off so you can focus on running your business.

If you would like to discuss your financial situation and would like some help, contact us on 0115 958 6872, email info@midlandsassetfinance.co.uk or fill in an enquiry form here.

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