HMRC Reforms to VAT Return Late Submissions and Payments
March 28, 2023
All VAT-registered businesses need to be aware of how HMRC has changed how it deals with late returns and payments – in a move widely perceived as positive.Although late VAT returns and overdue payments related to periods before 1st January 2023 will still be handled accor...
While the gradual reopening of business sectors is great news overall, many companies have deferred VAT liabilities. They are now considering how they will get back on top of their finances when regular trading resumes.
There are two options available, applicable to VAT defe...
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