HMRC’s VAT Penalty Points System: What London Businesses Get Wrong

Most VAT-registered business owners assume a single late return means an automatic fine. It doesn’t, and that misunderstanding causes two opposite problems: some panic unnecessarily over one missed deadline, while others let points quietly stack up until a £200 penalty lands without warning. Since January 2023, HMRC has run VAT late submission penalties on a … Continue reading HMRC’s VAT Penalty Points System: What London Businesses Get Wrong