VDIM7090 | When to inhibit, amend or withdraw interest: VAT returns provided at visit

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.

In these circumstances the guidance in VAEC2560 advises that on a visit to a taxpayer an officer should always try and establish the correct VAT liability for periods, by getting the taxpayer to complete outstanding returns in preference to issuing additional assessments.

Where a taxpayer provides an accurate return in such circumstances interest should not be imposed. However if an additional assessment has already been issued any interest will stand.