1 February 2023| CATEGORIES: VAT penalty regime| TAGS: New HMRC rules
HMRC has introduced a new penalty regime for VAT returns that are submitted late and VAT which is paid late. The way interest is charged has also changed.
12 October 2022| CATEGORIES: New tax rules, VAT, VAT penalty regime| TAGS: New HMRC rules, VAT penalty changes
A new penalty regime for VAT comes into effect for VAT return periods starting on or after 1 January 2023. Businesses should familiarise themselves with the changes to avoid getting caught out by some of the finer detail.
18 January 2022| CATEGORIES: HMRC, VAT penalty regime| TAGS: New HMRC rules, VAT News, VAT penalty changes
The Government has announced a delay to the introduction of the new penalty regime for VAT. The new system had been due to come into effect from 1 April 2022, however, this has been delayed by nine months until 1 January 2023.
