We can expect further announcements from the Chancellor in the coming weeks.
Cashflow is pressing for many. Announcements today affecting tax:
- VAT-registered businesses can wait from now until the end of June to pay their next VAT bill
- Those with income tax payments due this July can wait to pay until January 2021
There is also a business interruption loan scheme which will offer interest-free loans for up to 12 months.
Do be especially watchful for scam emails and calls at this time. These are likely to be on the rise, including increasingly convincing ones pretending to offer refunds from HMRC, at a time when people are understandably preoccupied.