VAT penalties and VAT interest charges – communications resources
Use these materials to communicate with your members, clients, and customers about changes to VAT interest charges, late submission and late payment penalties from January 2023.
Documents
Details
For accounting periods starting on or after 1 January 2023, the default surcharge has been replaced by new penalties for VAT returns that are submitted late and VAT which is paid late. The way that VAT interest is calculated has also changed.
These changes affect everyone who submits VAT returns, including nil or repayment return customers.
For more information, check VAT penalties and interest.
How you can help
If you are a representative body or an agent or bookkeeper, you can help businesses with these changes by using these helpful communication materials on your own channels.
Materials
- a sample newsletter
- social media messaging and imagery
- recording of our live webinar
- link to short overview video on YouTube
Updates to this page
Last updated 21 February 2023 + show all updates
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Added a link to a recorded webinar providing an overview of the new VAT late submission, late payment penalties and interest changes.
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First published.