CH193060 | Penalty reform - penalties for failure to pay VAT on time from 1 January 2023: legislation: overview

NB: “These rules currently only apply to VAT for VAT periods starting on or after 1 January 2023. These rules will come into force for other tax regimes at a future date. You must check the date from which these rules apply for the tax or duty you are dealing with”

The legislation for Late Payment Penalties is in Part 4, section 117 and, Schedule 26 Finance Act 2021.) .

FA21/SCH26