Deadline for reporting and payment of VAT for companies who report on a monthly basis. This assistance is now being extended to the companies who report on a quarterly and semi-annual basis.
Source skat.dk
How is the VAT reporting and payment deadline changed for small and medium-sized businesses?
For small and medium-sized businesses, the tax periods for the first and second quarters and the first and second half years must be added together. This reduces the payment deadline for medium-sized companies for the first quarter of 2020 by 3 months, and for small businesses, the payment deadline for the first half of 2020 is reduced by 6 months. The periods are collected so that you pay as a result of reporting the second period. However, you can still report to the original deadlines and, for example, get negative VAT paid.
How is the VAT reporting and payment deadline changed for large companies?
- The deadline of April 27 will be moved to May 25, 2020
- The deadline of 25 May will be moved to 25 June 2020
- The deadline of 25 June will be moved to 27 July 2020
I settle VAT on a monthly basis as a credit limit. Does the postponement of the payment deadline also apply to me?
No. You have to pay VAT at the same time limits as you normally would.
I usually report VAT every six months. What date is the payment deadline postponed to?
| settlement Period | Initial reporting deadline | New deferred payment deadline |
|---|---|---|
| January 1 – June 30, 2020 | September 1, 2020 | March 1, 2021 |
| July 1 – December 31, 2020 | March 1, 2021 | The combined periods are payable on March 1, 2021 |
I usually report VAT on a quarterly basis. What date is the payment deadline postponed to?
| settlement Period | Initial reporting deadline | New deferred payment deadline |
|---|---|---|
| January 1 – March 31, 2020 | June 2, 2020 | September 1, 2020 |
| April 1 – June 30, 2020 | September 1, 2020 | The combined periods will be paid on 1 September 2020 |
Do I still have to report when the payment deadline is postponed?
You can still report to the original deadline. It is an advantage for your business if you have to have VAT back. However, you must report and pay no later than the deferred deadline. You must report for each period on its own reporting to the new deadline, even if the periods are added together.
