- HMRC updated Internal Guidance VGROUPS01530 on VAT penalties for late submissions
- Penalties are based on a points system
- For VAT groups, the representative member holds a single liability for all points
- Liability for points transfers to a new representative if there is a change
- New members joining a VAT group do not bring their previous points
- Members leaving a VAT group and registering independently start with zero points
- Divisions within a VAT group are liable for their own points and penalties separately
- Each division has its own maximum points total
Source: deeksvat.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
