VAT-Mortgages

Covid-19 Business and Individual Support Measures for VAT and Mortgages

VAT

VAT deferment

How we can help

Deferral of VAT payments due between 20 March 2020 and 30 June 2020 until 31 March 2021. This effectively means an interest free loan from HMRC for one quarter’s VAT.

The next quarter of VAT payments will be deferred, so no payments until the end of June. Businesses have until the end of the financial year to repay the payments deferred.

 

Deferment is automatic and we can model in the forecast cashflow as above to see the impact on your business

Mortgages

Information

What can we do

 

Mortgage lenders have agreed they will support customers through payment holiday of up to 3 months.

We can assist in liaising with your bank

 

Many banks providing further support on mortgages through reduced or deferred payments, longer term support extending term of their mortgage, switching part/all to interest-only mortgage arrangements