Just a reminder that from January 2023 HMRC introduced new penalties for filing and paying your VAT late.
This includes zero or repayment returns.
For each return you submit late, you’ll receive a penalty point until you reach the penalty point threshold.
When you reach the threshold you’ll receive a £200 penalty.
After that you’ll also receive a further £200 penalty for each late submission while you’re at the threshold.
Contact us if you would like to know more about this!
📞 020 8610 9954
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