If you are using the option to defer VAT payments due between 20 March 2020 and 30 June 2020 and you have cancelled your direct debit, you should now ensure that you reinstate your direct debit in enough time for HM Revenue & Customs to take your next payment.
After 30 June 2020, you will need to make your VAT returns and payments as usual and on time.
However, you still have until 31 March 2021 to make any VAT payments you deferred between 20 March 2020 and 30 June 2020. It is up to you whether to pay this amount in a single instalment or in several instalments.
For help and advice, contact our expert team today.