HMRC Guidance: Penalty Points and Penalties If you Submit your VAT Return Late

From 1 January 2023, you’ll get penalty points if you submit a VAT Return late (including nil payment returns). Find out how points work and how to avoid a £200 penalty.

Contents

1. How late submission penalties work
2. The penalty point threshold for your accounting period
3. How changes to your business affect penalty points
4. VAT Returns not affected
5. Appeal a point or a financial penalty

Source: www.gov.uk