VAT – world reaches for indirect tax stimulus for COVID-19 crisis

Presented by

Richard Asquith, VP Global Indirect Tax, Avalara

About this talk

Countries around the world are turning to emergency tax breaks to support their stuttering economies in the midst of the coronavirus crisis. A number of global VAT measures have already been introduced to try to ease the financial burden being felt by many. The UK Chancellor, Rishi Sunak, announced last month that no UK business would have to pay VAT until after 30 June 2020. However, the measure has left many of the 2 million affected businesses confused on repayment, any interest charges and the direct debit process. Whilst HMRC have also postponed MTD for VAT phase 2 until 1 April 2021. In this webinar we will cover: •What options and measures are open to government •Deep-dive into country easements to date •What indirect tax steps can businesses take in managing their cash

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