HMRC have updated their guidance to show that “If your payment is more than 15 days overdue, first and second late payment penalties apply”. The guidance goes on to tell taxpayers how to “find out how to avoid penalties and get help to pay in instalments”.
The former reference to 30 days has been removed.
Related content from Claritax Books
Value Added Tax, written by Ciaran McGee MA (Oxon), FCA, CTA, is an extensive volume (over 1,000 pages), written primarily for non-VAT specialist accountants and tax advisers.
