1 January 2023 is appointed as the date under which certain VAT-related penalty provisions in FA 2021 come into force (SI 2022/1278 – The Finance Act 2021 (Value Added Tax) (Penalties) (Appointed Day) Regulations 2022).
More specifically, the regulations appoint 1 January 2023 as the date on which the following provisions come into force:
- FA 2021, Sch. 24 (penalties for failure to make returns);
- FA 2021, Sch. 26 (penalties for failure to pay tax); and
- FA 2021, Sch. 27 (consequential provision).
See also our related article about interest on overdue tax.
https://www.legislation.gov.uk/uksi/2022/1278/pdfs/uksi_20221278_en.pdf
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