22/03/2022
From April 2022, HMRC are introducing a new penalty system for late submission and payment of VAT Returns. The new points-based system aims to be fairer and more proportionate, penalising only those who regularly miss the deadlines, rather than those making occasional mistakes.
It's worth familiarising yourself with the new system. https://www.gov.uk/government/publications/penalties-for-late-submission/penalties-for-late-submission
If you struggle to meet your VAT Return submission deadlines, get in touch - I can take your VAT Returns off your hands and make sure they're in on time.
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