It is confirmed by the Government that payments of VAT which are due on 10 April 2020 (this year due to Easter falling due on 14 April) for the reporting and payment of VAT for the first VAT period (January – February) of 2020, will be deferred until the deadline for the next VAT period 10 June 2020.
Daily fines for late submission of VAT returns for VAT period 1 and 2 will not be issued. The tax authorities still urge companies to submit the returns at their earliest convenience.
The earlier announced decrease in the low VAT rate from 12 % to 8 % will take effect from 1 April 2020 (and not as earlier proposed from 1 January 2020) and last until 31 October 2020.
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