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How to do a VAT Return, pay your VAT bill, correct errors in your VAT Return, what to do if you're late with your return or payment.
Jan 4, 2023 · From 1 January 2023, you’ll get penalty points if you submit a VAT Return late (including nil payment returns). Find out how points work and how to avoid a £200 penalty.
Apr 9, 2014 · Use form WT2 if you have received a surcharge for submitting your online VAT Return late and you want to claim ‘reasonable excuse’.
Aug 22, 2023 · VAT returns should be submitted for each quarter, with the deadline for filing and payment being one calendar month and seven days after the end of the VAT quarter. For instance, if your VAT quarter ends on 31st March, you would need to file the return by the 7th May.
Dec 2, 2022 · VAT registration. When a business exceeds the VAT registration threshold in any 12 month period, it is required to notify HMRC by way of VAT registration. HMRC may spot a late registration when a business files its accounts or personal tax returns, but there is no guarantee, it is the trader’s responsibility to notify.
Apr 1, 2023 · As well as late registration penalties, there are charges for VAT-registered businesses who are late submitting their VAT return. Contact HMRC straight away if you can’t pay your VAT bill on time. Even if you can’t pay the bill, you should still submit the VAT return to avoid additional penalties.
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Sep 3, 2019 · Tax Deadline. As a business owner, you are responsible for making sure your VAT returns are submitted (and your tax bills are paid) on time. If your organisation exceeds the VAT registration threshold (currently set at £85,000 as of 2019/20), you’ll be required to pay VAT.