United Kingdom Saffery VAT Update – January 2023 21 January 202358 views1 min read * Changes to option to tax notification and HMRC’s acknowledgement process * New VAT return penalty regime * Repayment interest on VAT credits or overpayments * E-commerce update * Mainpay – Court of Appeal decision Source: saffery.com E-Commerce / Electronic services Exemption Real Estate/Immovable Property Tax authorities / Penalties / Interest HMRC Guidance: How late payment penalties work if you pay VAT late HMRC Guidance: Repayment interest on VAT credits or overpayments
