VAT Quarterly reporting
Most businesses who are VAT registered will need to submit quarterly returns to HMRC. These have to be submitted 1 month and 7 days from the end of the VAT return period. For example – for a VAT quarter ending...
VAT Penalty Points
In January 2023, the UK government introduced the new VAT default surcharge regime, which is frequently referred to as a penalty points system. This new system has separate penalties for late VAT return submissions – and also for late VAT...
