This news release is issued to draw attention to the end of the VAT deferral period.
VAT payments could only be automatically deferred if they were:
- quarterly and monthly VAT return payments for the periods ending in FEBRUARY 2020, MARCH 2020 and APRIL 2020;
- annual accounting advance payments due between 20 March 2020 and 30 June 2020.
This means that you will need to submit returns as normal for May 2020 onwards on time and pay the VAT liability in full unless prior ‘time to pay’ arrangements have been agreed with the Debt Management Unit to meet this liability.
If you have any difficulty paying your VAT return please contact the Debt Management Unit on 648160 or dmu.customs@gov.im.
