VAT
VAT on Assets
Find out about VAT on assets. What to think about before purchases and the best approach.
Current late payment & repayment interest rates
Find out the current late payment and repayment interest rates applied to the main taxes and duties that HMRC currently charges and pays interest.
HM Revenue and Customs (HMRC) record a ‘default’ if:
They do not receive your VAT return by the deadline full payment for the VAT due on your return has not reached their account by the deadline.
In the linked document we cover: Surcharges, How much you pay and Penalties