Penalty reform for VAT

Published on: 15 February 2022

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Specialist Tax Regulatory Materials

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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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