Do I have to pay any penalty if I don’t submit VAT return on time?

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- November 2, 2022 at 1:39 pm
Kallis Roy
Ultimate

I have some VAT return dues on me. So will I be imposed for any penalty?

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- - November 3, 2022 at 8:48 am
  Stephen
  Enhanced
  
  Yes, if you fail to submit return or unable to pay tax until deadline than 2% of the unpaid tax will be imposed as penalty
- - November 3, 2022 at 8:49 am
  Sam
  Enhanced
  
  Yes, Not only will you be charged a late payment penalty, but you must also file your VAT return on time. Until you pay it off, you’ll also be responsible for paying interest on that. So better to pay on time to avoid these penalties.
- - November 3, 2022 at 4:06 pm
  Khalifa
  Beginner
  
  If you don’t submit your VAT return to HMRC on time, you’re not just liable for a late payment penalty. You’ll also have to pay interest on that too until you pay it.
  
  This Time Too Shall Pass
- - November 7, 2022 at 11:27 am
  Satoru
  Enhanced
  
  For a VAT return, you haven’t paid yet, you’ll receive a penalty, and will continue to do so for each late submission, so try to avoid doing that.

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