UPCOMING CHANGES TO VAT PENALTIES & VAT INTEREST CHARGES

UPCOMING CHANGES TO VAT PENALTIES & VAT INTEREST CHARGES

UPCOMING CHANGES TO VAT PENALTIES & VAT INTEREST CHARGES

My client has submitted her VAT return late again and knows that a Default Surcharge would normally be applied to her account.

However, she has read somewhere that HMRC has changed the penalty regime for late submission & payment; is this correct?

If so, when will the changes take effect and what will this mean for my client?

 

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