Penalty reform for VAT

Published on: 15 February 2022

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Specialist Tax Regulatory Materials

Article summary

The Chartered Institute of Taxation (CIOT) has shared an update from HMRC which lists the first affected accounting period for penalty reform for VAT under a range of representative filing frequencies, along with the earliest corresponding dates on which late submission penalties, late payment penalties and interest could be applied.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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