TABLE OF CONTENTS

VAT

  • 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


Self Assessment

  • 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.