The new penalties and charges came into effect on 1 January 2023, and applied to any VAT returns filed and payments made after this date.
We continue to ensure our VAT clients remain compliant, but have been informed by some of our non VAT clients that penalties for late payment and late filing are starting to be applied.
We produced a blog article earlier this year in relation to the new interest and penalty charges and we’ve added the link below, if you would like to take a look.
Don’t hesitate to contact:
Paul Buckley
email: paul.buckley@waltonsba.co.uk
or
Dan Hall
email: dan.hall@waltonsba.co.uk
Changes to VAT penalties and interest charges from 1 January 2023
