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New VAT Penalty Regime Starts from 1 January

New VAT Penalty Regime Starts from 1 January

HMRC is introducing a new VAT penalty regime from 1 January 2023, replacing the current default surcharge with a fixed rate, points based system for late VAT submissions and payments. The changes will affect businesses submitting VAT returns for accounting periods...

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New VAT Penalty Regime Starts from 1 January

New VAT Penalty Regime Starts from 1 January

HMRC is introducing a new VAT penalty regime from 1 January 2023, replacing the current default surcharge with a fixed rate, points based system for late VAT submissions and payments. The changes will affect businesses submitting VAT returns for accounting periods...

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