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  1. 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.

  2. 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.

    • Overview. 1.1 What this notice is about. This notice helps you complete the VAT Return and provides information on how to submit your completed return to HMRC.
    • Explanation of some common VAT terms. This section gives a brief summary of some of the common terms you’ll come across as you read this notice. But, if you’re completing a return for the first time, it might be helpful to look at the VAT guidance.
    • How to fill in each box on your return. The requirements shown here apply to both paper and online returns. Read section 4 if you’re using a special VAT accounting scheme such as
    • Filling in the return if you use a VAT Accounting Scheme. If you use any of the special VAT accounting schemes there may be different rules for completing some of the boxes on the return (see the guidance at paragraphs 4.1, 4.2, 4.3, 4.4, 4.5 and 4.6).
  3. Dec 2, 2022 · 20 years. There is a 20 years’ time limit where there is a failure to notify a compulsory VAT registration, see HMRC’s VAT assessment and error correction manual ( VAECC140) and also the VAT registration manual: failure to notify ( VATREG26000 ).

  4. The late submission penalty rules won’t apply to you if: You are a new VAT-registered business, and this is your first VAT return. You are cancelling your registration, and this is your final VAT return. You are making a one-off return covering more than a month, quarter or year.

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  5. How Late Submission Penalties Work: Under the new system, HMRC operates a points-based penalty system for late submission of VAT Returns. For each return that is submitted late, a penalty point is assigned. These penalty points accumulate until they reach the threshold for your submission frequency period.

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  7. Sep 8, 2022 · What happens if I am late to register for VAT? If you’ve failed to register for VAT with HMRC on time, you will face penalties. It’s important to act quickly to reduce the penalties you will incur. Penalties are calculated based on how much VAT is due as well as how late you were registering.

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