HRMC released the guidelines on VAT penalties and interest when submitting VAT return for a specific accounting period on or after 1 January 2023. The changes are intended to make the penalties and interest system simpler and more distinct.
Source: GVC
Latest Posts in "United Kingdom"
- UK Tribunal Rules Flooring Retailers Not Liable for VAT on Independent Fitting Services
- UK Tax Update 2026: Indirect Tax and Customs Consultations
- United Carpets VAT Ruling on Separate Carpet and Fitting Contracts
- UK Tribunal Upholds VAT Default Surcharges for Late Payments
- UK Tribunal Rules Invisalign Aligners Are Not VAT-Exempt Dental Prostheses
