Delaying Import duty and VAT

26th June 2020

HMRC have implemented measures to assist businesses that are registered importers who pay VAT and Duty at the time of import and are facing financial difficulties as a direct result of Coronavirus.

 

What to do if you’re a Duty deferment account holder

 

You can contact HMRC for approval to enter into an extended period to make full or partial payment, without having their guarantee called upon or their deferment account suspended. You will need to demonstrate how Coronavirus has impacted its business’ finances and cash flow.

 

Contact Details:

Duty Deferment Office

Tel: 03000 594243

Email: cdoenquiries@hmrc.gov.uk

 

What to do if you’re not a Duty deferment account holder

 

You can contact HMRC to request an extension to the payment deadline. You will need to explain how Coronavirus has impacted the business’ finances. HMRC will then decide whether to agree an additional time to pay (TTP).

 

If the request is approved the conditions, will depend upon the individual circumstances.

 

Further information

 

For more details please contact your usual manager at Whiting & Partners for additional advice or support.

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