VAT Reminder

For VAT accounting periods starting on or after 1 January 2023, late submission penalties apply if you submit your VAT Return late. This includes nil or repayment returns. 

The VAT default surcharge is being replaced by new penalties for returns that are submitted late and VAT which is paid late. The way interest is charged is also changing. 

 For VAT accounting periods starting on or before 31 December 2022, read guidance about the VAT default surcharge.’