VATupdate

Share this post on

What are the penalties for submitting a late UK VAT return?

At the start of 2023, the United Kingdom changed the way penalties and interest apply to late value-added tax (VAT) returns and payments. Businesses now get a penalty point when they submit a VAT return late, and perhaps financial penalties. Here’s what you need to know about the point penalty system — and how to avoid penalties.

Source: avalara.com

Sponsors:

VAT news

Advertisements: