VATupdate

Share this post on

Correction of Incorrectly Applied Late Payment Interest

  • Correction of wrongly applied default interest
  • New VAT legislation effective since January 1, 2025
  • New deadlines for filing and paying VAT returns for quarterly filers
  • Quarterly and special VAT returns could be filed and paid until January 27, 2025
  • Technical problem prevented payments made between January 24 and 27, 2025 from being taken into account
  • Default interest was wrongly charged in these cases
  • Correction is underway and will be implemented as soon as possible
  • No action required from taxpayers or their representatives
  • Full interest will be canceled if full VAT amount was paid before January 27, 2025
  • Interest will be recalculated if partial VAT amount was paid before January 27, 2025
  • Any wrongly charged interest already paid will be offset against the next VAT return
  • Apologies for the inconvenience

Source: financien.belgium.be

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.

Sponsors:

Pincvision
VATIT Compliance
VAT news

Advertisements:

  • vatcomsult