TABLE OF CONTENTS
The VAT payment deferral applies to all payments due between 20th March 2020 and 30th June 2020.
Clients must still submit VAT returns on time.
Any VAT payments deferred during this period should be paid in full on or before 31 March 2021.
Payments due after 30 June 2020 must be paid in full as normal and clients must continue to file their VAT return on time.
No interest or penalties will be applied to deferrals for this period.
The deferral does not cover payments for VAT MOSS or import VAT.
Refunds and reclaims are being processed as normal with payments usually happening within 5 working days.
Repayments won’t be offset against deferred VAT but will count towards existing debt.
If your client cancelled their Direct Debit to HMRC to take advantage of the deferral, they will need to set up a new Direct Debit arrangement in time for the first payment after 30 June 2020.
Time to Pay agreements should be stuck to if already in place. New Time to Pay agreements can be set up however.
For more information please see https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19
Clients can defer their second payment until 31st January 2021.
They can also set up a payment plan to spread payments across the year
For more information please see https://www.gov.uk/pay-self-assessment-tax-bill
Temporarily update job dates in Senta
You can manually change any key dates within a job in Senta. Just open up a live job, and click the dropdown arrow next to “change [key date]”. A VAT return job has been used in the example below. From here you can adjust any of the key dates within the job as a one-off. These changes will not apply to any jobs in the future
Any dates that have been changed will display a “manually overridden” symbol.