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Which Member State is the most expensive for late payment of VAT? And how far do you need to go back in time when correcting errors?

Imposing material fines on errors that have no impact on VAT revenue is unfair and we concluded that such penalties would most likely not pass the test of the European Court of Justice.

Besides penalties, Member States also appear to impose a wide range of country specific interest rates for late payment of VAT.

These charges range from 0.1 % to 1.85 % per month (equalling an annual interest rate of between 1.2 % and 23.9 %). The average rate is approx. 0.63 % per month (7.8 % annually).

Source VATconsult

See also Reverse charge penalties: which Member State is the penalty champion?

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