The payment deadline for VAT for monthly settlement companies is to be postponed by 30 days for March, April, and May 2020.
The VAT period for the first and second quarters (Q1 and Q2) of 2020 must be stated by 1 September 2020. However, if VAT liability for Q1 2020 is negative, it is still possible to report VAT for Q1 by 1 June 2020 so that the negative response can be “paid out” (refunded).
The VAT for the whole of 2020 must be stated by 1 March 2021.
If the VAT liability for the first half of 2020 is negative, however, it is still possible to report the VAT for the first half by 1 September 2020 so that the negative response can be paid out.
