Policy Paper: Increasing Late Payment Penalties for VAT – Tax Information and Impact Note

• The document discusses increasing penalties for late VAT payments
• It is a policy paper on tax information and impact
• Focuses on changes to VAT payment regulations
• Aims to address issues with late payments

Source: gov.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.