• About Us
  • Services
    • SELF-ASSESSMENT RETURNS
    • Corporation Tax
    • Payroll Services
    • Sales Tax registration and Filing
    • VAT on Amazon
    • Company Formation
  • VAT
    • VAT Basics
    • VAT Registration
    • VAT Compliance
    • Specialist VAT Consultants
    • VAT Agent Service
    • VAT Returns
    • VAT Return Brief
    • VAT Inspections
    • Common VAT problems
    • VAT Schemes
    • Affordable EU IOSS VAT registration and filing service
  • Brexit Centre
    • Brexit Case Studies
  • Xero
  • Resources
  • Recent Tax News
  • Questions
    • Common Questions
  • Contact Us

Update on Changes to VAT Penalties and Interest from 1st of January 2023

by Tax Consultant | Mar 31, 2023 | HMRC News, News, VAT

New penalties have been introduced for submitted VAT returns and paying VAT late from 1st of January 2023. The new system replaced the default surcharge, The new system will now apply for nil and repayment returns. To avoid penalties you need to: Submit your VAT...
New Penalties Regime for Late VAT Returns and VAT Payments

New Penalties Regime for Late VAT Returns and VAT Payments

by Tax Consultant | Dec 15, 2022 | HMRC News, News, VAT

  We bring it to the attention of all out clients that after 1 January 2023, late VAT payments or late VAT returns will be subject to new penalties instead of the default surcharge. In addition, VAT Interest will be calculated in a different manner.   Who is...

Customs Declaration Service – Take action now to continue importing goods 

by Tax Consultant | Aug 15, 2022 | HMRC News, News

Take action now to continue importing goods   It is time for you to move to Customs Declaration Service. The UK will no longer allow you to import goods from 1 October 2022 if you do not comply. Even if you use a customs agent for customs declarations, you must still...
HMRC new penalty system for late tax return submission

HMRC new penalty system for late tax return submission

by Tax Consultant | Jun 17, 2021 | Blog, HMRC News, News

HMRC is aiming to crack down on consistent late filers and payers and will become fairer to those who miss their payment and filing deadline only occasionally. New penalties will be introduced for late tax return submissions. From April 2022 HMRC new penalty system ...
Next Entries »

Article Categories

  • Blog
  • Brexit Centre
  • Brexit News
  • Corporation tax
  • Crypto
  • HMRC News
  • New company
  • News
  • personal tax
  • Personal tax
  • Q&A Brexit
  • Questions&Answers
  • Self-assessment Tax
  • Tax Representative
  • UK accountant
  • VAT
  • VAT on Digital Services

Recent Posts

  • Selling into the UK. What you need to know about VAT in the UK?
  • What you need to know about Reverse Charge VAT?
  • End of VAT Services on Amazon UK. How to remain compliant?
  • How to Deal with VAT Inspection?
  • Why are you still physically paying import VAT? Utilise Postponed VAT Accounting!
Get In Touch

Information
Contacts

Email: info@uk-accountant.com
Phone: +44 (0) 330 022 0413
Skype: nvkgroupuk

Location

Unit 5, Neepsend Triangle,
1 Burton Road, Sheffield,
S3 8BW, United Kingdom

Opening hours

Weekday: 9am to 5pm (UTC/GMT +1)
Saturday, Sunday: closed

Xero Cloud-Accounting Software
© 2025 UK-Accountant | All rights reserved | Terms and Conditions
Manage Cookie Consent
We use cookies to optimize our website and our service please select your preferences.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Preferences
{title} {title} {title}