Posted in the VAT (Value Added TAX) Category

New late VAT penalties

Posted December 6th 2021

Currently if you pay your VAT bill late you may receive a penalty of up to 15% of the late paid amount, even for a one-day delay. The Government agrees that this is harsh, so it is reforming the late-payment penalties for VAT periods starting on or after 1 April 2022.

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Posted in the VAT (Value Added TAX) Category

New late VAT penalties

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