HMRC to get serious about MTD for VAT penalties
The soft landing period expires on April 1st 2020 for most UK VAT registered businesses, and the penalties system will be revised to bring it in line with Income Tax and Corporation Tax.
HMRC Update: MTD for VAT Penalties
With the deadline to sign up to pay your VAT return by direct debit under MTD for VAT now passed, HMRC have issued an update to reassure businesses who missed the registration window. In their latest communication, HMRC advised that businesses who missed the sign-up window will not be penalised this time, and those businesses [...]