Small Businesses: Coronavirus

(asked on 16th March 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what plans he has to offer small business a payment holiday or longer term repayment scheme for VAT contributions during the covid-19 outbreak.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 19th March 2020

HMRC already offer help to businesses struggling to meet their VAT payments with arrangements such as Time to Pay. HMRC also have a dedicated helpline for those who cannot pay because of the coronavirus.

In light of the COVID-19 outbreak, the Chancellor has pledged a range of measures to help business through the crisis, including grants, loans and relief from business rates worth more than £300 billion. The Chancellor will continue to review and make further announcements as events unfold.

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