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New penalties for VAT!

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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