VAEC7600 - Error correction for VAT returns: Interest and penalties: contents

This guidance deals with interest matters in respect of prescribed accounting periods starting on or before 31 December 2022. Interest matters with effect from 01 January 2023 are dealt with under Finance Act 2009.

Please see Compliance Handbook page CH140000 onwards to find the new interest rules guidance.

1. VAEC7610

   Default interest
2. VAEC7650

   Return period with a due date before 1 April 2009
3. VAEC7660

   Return period with a due date on or after 1 April 2009
4. VAEC7670

   Return period with a due date on or after 1 April 2009 non careless errors
5. VAEC7680

   Return period with a due date on or after 1 April 2009 careless errors
6. VAEC7690

   Return period with a due date on or after 1 April 2009 careless errors disclosures
7. VAEC7700

   Penalties deliberate inaccuracies