Here at McIntrye Stuart we have supplied key VAT dates for 2021 to put in the diary so you do not forget.

The following important dates are:

1 March 2021

Construction industry reverse charge scheme

From 1 March, the customer rather than the supplier will be required to account for VAT on CIS transactions.

31 March 2021

Repayment of deferred VAT

Deferred VAT liabilities will now need to be paid by 31 March. You can opt in to make the payments over 11 months interest free and the opt in process should be available early 2021.

31 March 2021

End of temporary reduced VAT rate for leisure and hospitality

At present the reduced 5% VAT rate is due to end on 31 March 2021. With current covid restrictions this may be extended, we will keep you informed.

1 April 2021

Making Tax Digital MTD

Digital links between software and VAT returns is compulsory from 1 April 2021. There must be no manual intervention in the process.