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VAT PENALTIES AND INTEREST

Friday, 17 February 2023 12:32 Last Updated on Friday, 17 February 2023 12:32 Written by admin
There have been some significant changes to VAT penalties and interest if you submit a late VAT Return for an accounting period starting on or after 1 January 2023 and / or if you pay the liability later than the due date.
There are separate penalties for late submission and late payment and they can be significant.
If you are struggling to pay your liability on time, then you must consider a Time To Pay arrangement asap to reduce any penalty being charged.
Please contact us should you require any assistance.
All detail can be seen at this link:
https://www.gov.uk/government/collections/vat-penalties-and-interest
This entry was posted on Friday, February 17th, 2023 at 12:32 pm and is filed under Homepage. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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