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New VAT penalty regime due to come in 1 April 2022, has been DELAYED! 

08.03.2022

Business

New VAT penalty regime due on 1 April 2022, has been DELAYED! 

The new VAT penalty regime, which was due to be introduced for VAT return periods beginning on or after 1 April 2022, has now been deferred to January 2023. 

 

The regime was set to be amended to the following: 

 

 

To avoid late penalties make sure you are aware of the key dates for VAT returns and payments, please see the table below. 

 

VAT Quarter 

Submission Date 

Payment Date 

Jan – Mar,

Apr - Jun,

Jul – Sept,

Oct – Dec  

7th May,

7th Aug

7th Nov 

7th Feb 

7th May

7Th Aug

7th Nov

7th Feb 

Feb – Apr 

May – Jul,

Aug – Oct

Nov – Jan  

7th June

7th Sept

7th Dec

7th Mar  

7th June

7th Sept

7th Dec

 7th Mar  

Mar – May

Jun – Aug 

Sept – Nov 

Dec – Feb  

7th July

7th Oct

7th Jan

7th Apr 

7th July

7th Oct 

7th Jan

7th Apr 

 

HMRC VAT liability payment details, via fast payment, CHAPS or bacs: 

 

Sort Code 

Account Number 

Account Name 

08 32 00 

11963155 

HMRC VAT 

 

Reference being your 9-digit VAT registration number. 

 

There is an extra few days for payment if you opt in to pay via direct debit, we recommend this to eliminate the error of late payment.  

 

If you are struggling to meet VAT deadlines contact our business services team who offer VAT review services, giving you one less deadline to worry about.  

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