Farming UK reports that rural businesses are being reminded that the VAT payment holiday - which ran from 21st March because of the COVID-19 crisis - ends on 30th June

No further extension to the scheme, which has allowed VAT payments to be deferred until 31st March 2021, is expected.

However, it added there might be a reduction in VAT rates for some sectors, or generally, when the Chancellor Rishi Sunak gives his ‘Fiscal Event’ statement in July, which would follow action taken by some European countries, including Germany.

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Farming UK - VAT payment holiday ends 30 June, rural firms reminded