Penalty for failure to pay deferred VAT: updated guidance on VAT deferral new payment scheme

Published on: 14 April 2021

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Specialist Tax Regulatory Materials

Article summary

HMRC has updated its guidance on the VAT deferral new payment scheme to cover penalties and interest that may be charged where businesses fail to pay the deferred VAT in full.

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

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